Zambia News

Africa Debt Relief: Zambia Picks Lazard to Advise on Negotiations

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Zambia appointed Lazard Freres as financial adviser to help it restructure its external debt, the Finance Ministry said.

Africa’s second-biggest copper producer is seeking to avert a debt crisis looming even before the Covid-19 pandemic throttled the global economy. The government is hoping that the process will be able to move quickly enough to convince the International Monetary Fund that it’s on track to achieving debt sustainability, unlocking much-needed emergency funding.

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