DISPATCHES
Praising President Hakainde Hichilema's government for its role in brokering the agreement the International Monetary Fund had previously said it would use the deal as a template for other nations such as Ethiopia and Ghana that are also seeking debt restructuring under the G20's Common Framework...
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3 billion of Zambia's foreign debt gives President Hakainde Hichilema much of what he was looking for – a resolution after almost two years of tortuous negotiations and a sharp cut in debt service obligations worth an estimated $5...
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On 20 January Zambia's President Hakainde Hichilema announced a US$2 billion agreement with Masdar for solar energy projects in the region...
DISPATCHES
Zambia's President Hakainde Hichilema urged creditors on 23 January to accelerate negotiations to restructure some US$13 billion of the country's $17bn foreign debt after meeting with Kristalina Georgieva managing director of the IMF in Lusaka...
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At the present rate of progress President Hakainde Hichilema and his United Party for National Development (UPND) – elected in a landslide by voters fed up with six years of sleaze and chaos under President Edgar Lungu – risks reaching the half-way mark of their five-year term having fulfilled few of their campaign promises...
They have indicated that significant debt restructuring or haircuts will need to be agreed with private and bilateral creditors even if President Hakainde Hichilema manages to successfully push through the spending cuts demanded by the IMF (AC Vol 63 No 19 Fears of pain in prospect)...
3 billion IMF rescue package agreed at the beginning of the month amid concern that President Hakainde Hichilema may not have the political capital to see it through without heavy social unrest (AC Vol 63 No 18 Debt deal boosts kwacha)...
President Hakainde Hichilema hopes that the agreement which the IMF says will see the country receive an immediate payment of $185 million one of a series over the next 38 months is only the start...
President Hakainde Hichilema gave a long and emotional press conference on 25 April further cataloguing his persecution by the previous government – which many critics believe irrelevant to the current political situation – while making vague promises about his government's programme...
The big questions for President Hakainde Hichilema's new government are whether it will succeed in restructuring the country's US$14...