Zambia’s debt restructuring has been arduous. It’s gone from being completely stuck to facing nearly insurmountable inertia to progressing, then regressing, then moving slowly and now definitely gaining momentum. Remember that debt restructuring is actually to facilitate debt repayment. Repayment of the restructured debt on the agreed terms is what will give Zambia back its status as a creditworthy partner.
Zambia marked another significant milestone in the debt restructuring as the restructured bonds were issued and began trading on 11 June 2024 The global credit rating agencies have reacted as follows:
