THE Economics Association of Zambia (EAZ) says the agreement reached with bondholders means that the country is getting closer to the final milestones of the debt restructuring process. Last Thursday, Secretary to the Treasury Felix Nkulukusa disclosed that Zambia had reached an agreement in principle with the bondholders. Nkulukusa said with the agreement, the country would get an 18 percent haircut out of the $3 billion debt owed. In an interview, Friday, EAZ president Isaac Ngoma described the agreement as work in progress, saying the parties now needed to sign legally binding documents. “It simply means that we are getting close to the final milestones of the debt restructuring process. But this is subject to conclusion of those agreements which...