Zambia, a country grappling with a mounting debt crisis, has stated that it does not have a specific timeline for debt restructuring, even as the International Monetary Fund (IMF) seeks a compromise to address the situation. The African nation is currently facing significant economic challenges exacerbated by the global COVID-19 pandemic.
Following a meeting between IMF officials and Zambian authorities, the country's Minister of Finance, Bwalya Ng'andu, emphasized that while debt restructuring is crucial, there is no fixed timetable for its implementation. The Zambian government recognizes the urgency of addressing its debt burden but wants to ensure that any restructuring plan is carefully thought out and designed to be sustainable in the long run.
