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Zambia admits its likely to default on interest payments

lusakatimes.com/2020/1...

submitted about 5 years ago by penjani

Zambia admits its likely to default on interest payments

submitted about 5 years ago by penjani

Zambia admits its likely to default on interest payments
  • The Zambian Government is asking its creditors, including Eurobond holders, for a six-month payment holiday to help manage its debt due to financial challenges worsened by the COVID-19 pandemic.
  • If creditors do not agree to the proposed relief, Zambia may not be able to make payments and could accumulate arrears, impacting its ability to manage its debt effectively.
Read more on lusakatimes.com
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