GOVERNMENT has signed an agreement with Italy to restructure a €94.6 million debt that Zambia owes to the country. Speaking at the signing ceremony, Friday, Finance and National Planning Minister Dr Situmbeko Musokotwane said prior to restructuring, the original maturity of the facility, which was used to finance supplies to the Ministry of Defence, was 2027. He said the facility has now been restructured to mature in 2043. “Today’s ceremony is a demonstration of the dedicated efforts and commitment of the Ministry, working closely with the government of Italy to restructure the original facility agreement between the government of Zambia and Intesa Sanpaolo, signed on 29th June 2018 amounting to EUR 94.6 million. Prior to restructuring, the original maturity of...