THE Centre for Trade Policy and Development (CTPD) says while Zambia’s US$335 million restructuring deal with India’s EXIM Bank is commendable, it is concerned about the protracted pace of the restructuring process. CTPD says the delay in the debt restructuring process has had adverse implications for Zambia’s sovereign credit rating and macroeconomic stability. In a statement, Sunday, CTPD Public Finance Researcher Robert Mwale said timely resolution of the remaining debt was crucial to unlock further concessional financing and reduce debt service pressures. “The Centre for Trade Policy and Development (CTPD) commends the Zambian Government for securing a bilateral debt restructuring deal worth US$335 million with the Export-Import Bank of India. This agreement marks a pivotal advance in Zambia’s journey towards...
