Zambia official creditors, IMF voice ‘reservations’ on bondholder deal

Zambia’s official creditors and the International Monetary Fund have “expressed reservations” about a debt restructuring deal the government has reached in principle with an international bondholder group, the finance ministry said Friday.

Zambia and the bondholder group’s steering committee are continuing talks after the official creditor committee and the IMF voiced their doubts during discussions over the “last several days”, the ministry said in a statement, not giving any further detail on the nature of the reservations.