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ZAMBIA: Debt deal represents a major step forward
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DOI: 10.1108/OXAN-ES280043
ISSN: 2633-304X
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Geographic
Topical
The downgrade reflects the expected realisation this year of the delayed global economic slowdown. The resulting debt overhang in the region has depleted the space for fiscal…
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DOI: 10.1108/OXAN-DB280137
ISSN: 2633-304X
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Geographic
Topical
A deal under the G20 Common Framework for Debt Treatment was expected by end-2022. However, amid geopolitical tensions, China has been blamed for the delay by figures including US…
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DOI: 10.1108/OXAN-DB276008
ISSN: 2633-304X
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Geographic
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While the G20's new Common Framework for Debt Treatments provides a new mechanism for debt restructuring, it also requires Zambia to convince the IMF that it has disclosed all of…
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DOI: 10.1108/OXAN-DB257855
ISSN: 2633-304X
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Living standards are set to decrease further, with the number of Africans in poverty projected to rise for the first time in two decades. Current debt relief initiatives look…
Prospects for Sub-Saharan African economies in 2018.
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DOI: 10.1108/OXAN-DB225939
ISSN: 2633-304X
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President Edgar Lungu and his Patriotic Front (PF) government are increasingly struggling to mobilise resources to meet repayments amid continued high public spending. Meanwhile…
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DOI: 10.1108/OXAN-DB253837
ISSN: 2633-304X
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Geographic
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However, rather than reject Lusaka's proposal, a group of creditors abstained from the vote, forcing an adjournment until November 13. That date coincides with the end of Zambia’s…