Wednesday 18 July 2018
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1 months ago

Zambia delays borrowing plans indefinitely - Finance Minister

Zambia has decided to delay all planned borrowing indefinitely, its finance minister said on Thursday, slowing down the accumulation of new debt amid worries about the risk of distress. “The debt sustainability analysis has confirmed that we need to undertake measures to bring debt risk to moderate from the current high risk,” Margaret Mwanakatwe told a news conference in the capital Lusaka. The International Monetary Fund rejected Zambia’s borrowing plans in February, saying they risked making its debt

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