IMF ‘hopeful’ Zambia to unveil debt deal with creditors before Oct. 12

The International Monetary Fund (IMF) is “hopeful” that Zambia and its official creditors would unveil a finalised debt restructuring deal before Thursday, October 12, said IMF Africa director on Monday.

“We’re very hopeful that the authorities and the creditors will be in a position to make an announcement very, very soon,” Abebe Selassie told Reuters in an interview on the sidelines of the IMF and World Bank annual meetings taking place in Marrakech, Morocco.

“They’ve told us that there’s been very strong progress, that they’re in the last stage of finalising things.”  Selassie added.

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