Zambia says it's 'close but not yet there' on MoU with official creditors

$FILE PHOTO: Zambia\\'s Finance Minister Situmbeko Musokotwane attends the Annual Meetings of the International Monetary Fund and World Bank in Washington, U.S., October 15, 2022. REUTERS/James Lawler Duggan/File Photo , Reuters/REUTERS$

FILE PHOTO: Zambia's Finance Minister Situmbeko Musokotwane attends the Annual Meetings of the International Monetary Fund and World Bank in Washington, U.S., October 15, 2022. REUTERS/James Lawler Duggan/File Photo
Reuters/REUTERS

"We are close but not yet there. By now we should have had an MoU signed by official creditors giving the IMF assurances," Musokotwane said at a media briefing

Chris Mfula, Reuters News

April 21, 2023

PHOTO
FILE PHOTO: Zambia's Finance Minister Situmbeko Musokotwane attends the Annual Meetings of the International Monetary Fund and World Bank in Washington, U.S., October 15, 2022. REUTERS/James Lawler Duggan/File Photo

LUSAKA - Zambia's official creditors are close to signing a memorandum of understanding on debt relief to the country, Finance Minister Situmbeko Musokotwane said on Friday.

"We are close but not yet there. By now we should have had an MoU signed by official creditors giving the IMF assurances," Musokotwane said at a media briefing.

(Reporting by Chris Mfula; Writing by Bhargav Acharya; Editing by Alexander Winning)

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