ZAMBIA: OBLIGATIONS GO UNPAID AS TIME FOR AN IMF BAILOUT IS FAST RUNNING OUT
Tue, 07 May 2019
Despite more comforting assurances from the finance ministry, Zambia is again struggling to meet its obligations to the public payroll, construction contracts, and debt servicing. Meanwhile, the Zambian economy is noticeably slowing, and market confidence is sliding. As time runs out for an IMF credit deal, we assess the drivers of risk that could steer the country towards a default on sovereign debt this year.
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