Over the last several days the Ministry of Finance and National Planning of the Government of Zambia (the “Government”) has engaged in discussions with representatives of the Official Creditor Committee and the IMF during which the Official Creditor Committee and the IMF expressed reservations about the agreement in principle that was reached between the Government and the Steering Committee, as published on October 26, 2023. Following this, the Government and the Steering Committee of the Ad Hoc Creditor Committee of Bondholders continue to discuss.
