WE have noticed that the Patriotic Front and its leaders go to town celebrating, every time the UPND government fails to make progress in its debt restructuring efforts. A couple of days ago, Zambia’s Official Creditors rejected a revised “Agreement in Principle” that was reached between government and the Bondholders, arguing that the revised proposal still does not meet its interpretation of the Comparability of Treatment criteria. Again on Tuesday last week, government disclosed that the Official Creditors Committee members and IMF representatives expressed reservations about the initial agreement-in-principle reached with the Bondholders Steering Committee in October 2023. There has been jubilation in the Patriotic Front circles over this stumbling block that is preventing the UPND government from making progress....

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