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Tag Archives: External debt

03Nov/26

How Zambia Recovered From Historic Drought

Moody’s Upgrade Marks Turning Point for Zambia, Yet Household Relief Remains Ahead

Tue 03 Sept 2026 /Mpelembe Media/ — On October 30, 2026, Moody’s upgraded Zambia’s sovereign credit rating from Caa2 to Caa1 with a positive outlook, citing substantial, sustained progress in government debt management following the nation’s 2020 default. This rating action follows earlier upgrades by S&P Global Ratings and Fitch Ratings, alongside a staff-level agreement reached on October 9, 2026, for a US$1.472 billion, 36-month IMF Extended Credit Facility. Over time, these improved assessments are expected to lower sovereign borrowing costs and help attract financing for major infrastructure initiatives such as the Lobito Corridor. Continue reading →

16Apr/23

What is in Zambia’s debt restructuring proposal sent bondholders?

April 16, 2023EconomyBankruptcy, China, Debt, Debt relief, Debt restructuring, Economy, Eurozone, External debt, Finance, Insolvency, International Monetary Fund, Money, Zambiaadmin

April 16, 2023 /Finance/ — If Zambia’s debt restructuring proposal is successful, it will help to improve the country’s economic outlook and create a more stable environment for businesses and investors. This will ultimately benefit the Zambian people by creating jobs, improving infrastructure, and providing access to basic services.

It is important to note that there are a number of risks associated with Zambia’s debt restructuring proposal. If the proposal is not successful, it could lead to a further deterioration in Zambia’s economy and could potentially lead to a default on Zambia’s debt.

Zambia sent a debt restructuring proposal to bondholders on April 14, 2023. The proposal includes the following key points: Continue reading →