Tag: Zambia

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IMF approves $189 million payment to Zambia after first programme review

The International Monetary Fund's executive board has approved an immediate $189 million disbursement to Zambia following its first review of a $1.3 billion loan...

IMF board to meet on July 12 for first review of Zambia’s programme

The International Monetary Fund executive board will meet on July 12 to complete the first review of its $1.3 billion extended fund facility (EFF)...

Zambia confirms it has agreed debt restructuring with official creditors

Zambia on Thursday confirmed it had agreed a debt restructuring deal with its official creditors, adding it would now seek a quick agreement with...

Zambia urges official creditors to advance debt restructuring at next meeting

Zambia's minister of finance urged its official creditors to make progress on restructuring its debt at their next meeting, as the southern African country...

China says it will work for better solution of Zambia’s debt issues

China has always taken Zambia's debt issues seriously and will jointly work for a better solution, the Chinese foreign ministry said on Friday. Wang Wenbin,...

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Nigeria strikes deal with Shell to supply $3.8 billion methanol project

Nigeria has struck a deal for Shell (SHEL.L), opens new...

Africa’s $824 billion debt burden and opaque resource-backed loans hinder its potential, AfDB president warns

Africa's immense economic potential is being undermined by non-transparent...

IMF: South Africa needs decisive efforts to cut spending

South Africa needs more decisive efforts to cut spending...

World Bank sounds alarm on ‘historical reversal’ of development for poorest nations

Half of the world's 75 poorest countries are experiencing...

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