Zambia bondholders reject request for deferment of payments

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President Lungu

Zambia’s bondholders have rejected the country’s request for deferment of debt payments, the country’s finance ministry announced on Friday.

“While the Government regrets that the bondholders did not approve the requests made by Zambia in good faith, we remain committed to finding a consensual and collaborative resolution to debt sustainability issues,’’ according to an announcement from the ministry.

In light of the fiscal and economic challenges the country faces, Zambia will continue to engage in constructive dialogue and share information with the ad hoc committee of bondholders and all other creditors in order to agree on a resolution that would gather support from all its creditors, it said.

The country also remains resolute to adhere to the principle of transparency in its engagements with the creditors, it added. (Xinhua/NAN)

– Nov. 14, 2020 @ 9:35 GMT |

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