To expedite debt negotiations for heavily indebted nations like Zambia, the International Monetary Fund (IMF) said it would promptly hold a new roundtable with lending institutions and creditors.
Zambia will be invited to the roundtable, which will also include the presidents of the G-20 countries, the World Bank, and New and Old Creditors, according to IMF Managing Director KRISTALINA GEORGIEVA.
According to Ms. GEORGIEVA, the roundtable is anticipated to resolve problems that are delaying the conclusion of debt restructuring negotiations for nations like Zambia.
At a town hall meeting held at the University of Zambia, she made this statement.
Students from various educational institutions, members of the civil society, representatives from the Bank of Zambia, and representatives from the Ministry of Finance were among those present at the town hall, which had as its theme “Zambia Towards a More Resilient and Inclusive Future.”
The Civil Society on Debt Alliance stated outside the meeting that it anticipates the roundtable to set a deadline for when negotiations should be finished.
According to Alliance Chairperson ALEX MUYEBE, Zambia’s economy is experiencing uncertainty due to the lack of a schedule.