Africa: World Bank Group Statement On Debt Restructuring Agreement for Zambia

Washington — The World Bank today released the following statement on Zambia:

“The World Bank welcomes the agreement between the Government of the Republic of Zambia and bondholders on the terms for restructuring Zambia’s Eurobonds. This follows the agreement Zambia reached in 2023 with the official bilateral creditors. The Official Creditor Committee has confirmed that the agreement meets comparability of treatment requirements. The terms are consistent with the parameters of the Joint World…