The newly appointed Minister of Finance of ZambiaSitumbeko Musokotwane says that he has begun to negotiate with the International Monetary Fund on a $12 billion external debt. Musokotwane says that he is also working with other private funds to which Zambia owes payments. Musokotwane anticipates that Zambia "will not be able to immediately cancel all debts".
The newly appointed Minister of Finance of Zambia Situmbeko Musokotwane says he has begun to negotiate with the International Monetary Fund on a $12 billion external debt. Musokotwane says he is also working with other private funds to which Zambia owes payments. Musokotwane anticipates that Zambia "will not be able to immediately cancel all debts".
The newly appointed Minister of Finance of Zambia Situmbeko Musokotwane says thathe has begun to negotiate with the International Monetary Fund on a $12 billion external debt. Musokotwane saysthat he is also working with other private funds to which Zambia owes payments. Musokotwane anticipates that Zambia "will not be able to immediately cancel all debts".
/cloudfront-us-east-2.images.arcpublishing.com/reuters/PXBKQQCNQ5K7VFB5X32G2GWLSY.jpg "Zambia's new finance minister to prioritise IMF talks © Reuters")