Zambia, Israel clinch $460m debt restructuring deal – Zambia: News Diggers!

ZAMBIA has signed an agreement with Israel to restructure its US$460 million debt owed to that country. Speaking during the signing ceremony, Thursday, Finance and National Planning Minister Dr Situmbeko Musokotwane disclosed that the debt was expected to be repaid by 2043. Dr Musokotwane said the milestone was proof that the Zambian government was committed to restoring fiscal discipline and debt sustainability. “It is with great pleasure that I welcome Your Excellency Ms Ofra Farhi and your delegation to the Ministry of Finance and National Planning and address you today at this important event, which marks the successful conclusion of the debt restructuring negotiations between the government of the Republic of Zambia and the government of Israel. I wish to...