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Zambia – Joint World Bank-IMF Debt Sustainability Analysis (الإنجليزية)

Zambia remains in debt distress. The stock of external arrears (principal and interest) reached 26 percent of GDP by end-year 2023. Despite significant fiscal adjustment, in the absence of the settlement on the Eurobonds exchange and debt restructuring agreements with the non-bonded commercial creditors, Zambia is in overall and external debt distress and public debt remains unsustainable. Under the baseline, all four external debt burden indicators...
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