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President of the IMF Kristalina Georgieva I spoke at a town hall meeting on Tuesday and took questions from the people there. University of Zambia About her organization’s work with her country.
of 2021, Zambia agreed $1.3 A $1 billion bailout loan from the IMF has been criticized by some for being too drastic in its terms.
But Georgieva Pushed back, saying a Washington-based lender would be interested in seeing Zambia overcome it debt challenges and achievements growth.
“One thing I never wake up to worry about is IMF This is your IMF, and we are yours, so the villains who go to countries to usurp their sovereignty.” Kristalina Georgieva , of the IMF Managing director.
Georgieva she said on tuesday “Full of confidence” Reorganization agreement Zambia debt It was within reach after negotiating with the country’s creditors.
despite having agreed $1.3 billion Bailout loan from International Monetary Fund for 2021, negotiations with Lusaka lenders are protracted.
of IMF Some criticized the situation as bad for the country.
Zambia owes that considerable amount $17 billions of foreign debts to private lenders, including bondholders, as well as China.
of 2020, Zambia became the first country in Africa Default Foreign debt since its inception COVID-19 Pandemic after most Western lenders refused to freeze interest payments.
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