MINISTER of Finance and National Planning Dr Situmbeko Musokotwane says bondholders under the new agreement will forgo approximately $840 million of their claims through a haircut, and provide approximately $2.5 billion in cash flow relief to Zambia. And Dr Musokotwane says beyond the restructured debt, government is engaging the Industrial Commercial Bank of China, and others whom it still owes money, to negotiate. Delivering a ministerial statement on debt restructuring, Wednesday, Dr Musokotwane said Zambia had restructured about 75 percent of its debt. “Despite the milestones that we have so far achieved in the debt restructuring process, we still have more work to do. We are hopeful of expedited bilateral agreements with our official creditors in order to implement the...