(Reuters) – Zambian finance minister Situmbeko Musokotwane said on Wednesday that a second meeting with official creditors to try to resolve the country’s debt crisis will take place on Monday.
“… we are very confident that something positive will come out of it,” Musokotwane said during a meeting between Zambia’s President Hakainde Hichilema and World Bank’s vice president for East Asia and Pacific, Victoria Kwakwa.
Zambia in 2020 became the first African nation to default in the COVID-19 era, and is in negotiations with creditors and the International Monetary Fund (IMF) to lift itself out of a debt hole.
(Reporting by Chris Mfula; Writing by Anait Miridzhanian; Editing by James Macharia Chege)
