{"id":21782,"date":"2023-04-24T18:28:59","date_gmt":"2023-04-24T18:28:59","guid":{"rendered":"http:\/\/lynettelockhart.com\/client\/zambia-has-sent-debt\/"},"modified":"2023-04-24T18:29:26","modified_gmt":"2023-04-24T18:29:26","slug":"zambia-has-sent-debt","status":"publish","type":"post","link":"http:\/\/lynettelockhart.com\/client\/zambia-has-sent-debt\/","title":{"rendered":"Zambia has sent debt restructuring proposal to official creditors"},"content":{"rendered":"

LONDON (Reuters) – Zambia has sent a debt restructuring proposal to its official creditors, a spokesperson for the government’s advisors said on Monday. <\/p>\n

The country, which was the major sovereign casualty of the COVID-19 pandemic and has been in default since 2020, said on Friday it would share a first fully-formed debt restructuring plan with China and other government creditors. <\/p>\n

“We can confirm the proposal has been sent,” a spokesperson working with advisors to the government in Lusaka said.<\/p>\n

Zambia has earmarked over $18 billion of debt for overhaul, but progress has been slow, hampered by the concerns of its main creditors, including China, about the scale of relief required.<\/p>\n

\n

(Reporting by Marc Jones, writing by Karin Strohecker, editing by Jonathan Oatis)<\/p>\n

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LONDON (Reuters) – Zambia has sent a debt restructuring proposal to its official creditors, a spokesperson for the government’s advisors said on Monday. The country, which was the major sovereign casualty of the COVID-19 pandemic and has been in default since 2020, said on Friday it would share a first fully-formed debt restructuring plan with […]<\/p>\n","protected":false},"author":8,"featured_media":21783,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[1216],"tags":[],"class_list":["post-21782","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-u-s-economy"],"jetpack_featured_media_url":"http:\/\/lynettelockhart.com\/client\/wp-content\/uploads\/Reuters_Direct_Media\/USOnlineReportEconomy\/tagreuters.com2023binary_LYNXMPEJ3N0NI-VIEWIMAGE.jpg","_links":{"self":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/21782","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/comments?post=21782"}],"version-history":[{"count":1,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/21782\/revisions"}],"predecessor-version":[{"id":21784,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/21782\/revisions\/21784"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media\/21783"}],"wp:attachment":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media?parent=21782"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/categories?post=21782"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/tags?post=21782"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}