Yellen says critically vital to restructure Zambia debt

LUSAKA, Jan 23 (Reuters) – U.S. Treasury Secretary Janet Yellen stated on Monday throughout a go to to Zambia that it was critically vital to restructure Zambia’s debt.

Yellen added that Zambia’s debt overhang was a drag on its entire economic system and that China had been a barrier to reaching a decision on the southern African nation’s debt downside.

She stated Zambia should handle corruption and that President Hakainde Hichilema, who took cost in August 2021, had made progress doing so.

Yellen is on a three-country go to to Africa. In Senegal she stated Russia’s struggle in Ukraine was hitting Africans notably exhausting by exacerbating meals insecurity and placing an pointless drag on the continent’s economic system.

Reporting by Andrea Shalal
Writing by Anait Miridzhanian and Alexander Profitable
Enhancing by Estelle Shirbon

Our Requirements: The Thomson Reuters Belief Rules.

Source link

You May Also Like

About the Author: GPF