Johannesburg — Zambia’s official creditors and the International Monetary Fund (IMF) have “expressed reservations” about a debt restructuring deal which the southern African country has reached in principle with a bondholder group, the finance ministry said Friday.
The government and the bondholder committee are continuing discussions, after the official creditor committee and the IMF expressed their doubts during discussions over the “last several days”, the ministry said in a regulatory statement.
*Bhargav Acharya; Rachel Savage; editing: Jason Neely – Reuters