Zambia's Debt Woes Continue Despite IMF Efforts.

Zambia's finance minister, Situmbeko Musokotwane, has said that the country is being "punished" for not completing its debt restructuring, which is not its fault. The country's two main creditors, China and international bondholders, both want a resolution. The IMF has said that the next payout to Zambia from a $1.3 billion rescue loan is contingent on the country's bilateral creditors reaching a debt restructuring agreement. Zambia's external debt was $18.6 billion at the end of 2022, of which about $5.7 billion was owed to Chinese creditors and $3.5 billion to bondholders.