{"id":57579,"date":"2024-02-07T21:22:08","date_gmt":"2024-02-07T21:22:08","guid":{"rendered":"https:\/\/www.africa-press.net\/zambia\/?p=57579"},"modified":"2024-02-07T06:30:48","modified_gmt":"2024-02-07T06:30:48","slug":"imf-urges-compromise-in-zambias-debt-restructuring-process","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/zambia\/all-news\/imf-urges-compromise-in-zambias-debt-restructuring-process","title":{"rendered":"IMF Urges Compromise in Zambia\u2019s Debt Restructuring Process"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Zambia. <\/strong><\/span>The International Monetary Fund (IMF) has called for all parties involved in Zambia\u2019s debt restructuring process to reach a compromise as delays continue to hinder progress. Abebe Selassie, the IMF Director for the African Department, expressed frustration over the prolonged negotiations but remains hopeful for a resolution with the Official Creditors Committee.<\/p>\n<p>During a press briefing held at the IMF Headquarters, Mr. Selassie underscored the urgency of concluding the debt restructuring for Zambia. He urged all stakeholders to come together and find a common ground that serves the best interests of the country and its economic recovery.<\/p>\n<p>\u201cThe delay in the conclusion of the debt restructuring for Zambia is frustrating,\u201d said Mr. Selassie. \u201cHowever, we remain optimistic that a decision will be reached with the Official Creditors Committee.\u201d<\/p>\n<p>Highlighting the need for a more systematic approach to debt treatment, Mr. Selassie called for a global sovereign roundtable discussion. He emphasized that a set of guidelines on debt restructuring would provide a standardized framework for countries facing similar challenges.<\/p>\n<p>\u201cThere is a need for a global sovereign roundtable discussion that should come up with guidelines on debt treatment,\u201d Mr. Selassie stated. \u201cCurrently, there is no particular standard of how countries seeking debt restructuring can be treated, as each country is treated on a case-to-case basis.\u201d<\/p>\n<p>The lack of a standardized approach can lead to inefficiencies and inconsistencies in the debt restructuring process. A global framework, as proposed by Mr. Selassie, could offer a more transparent and equitable solution for countries grappling with debt-related issues.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/zambia\">Zambia<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Zambia. The International Monetary Fund (IMF) has called for all parties involved in Zambia\u2019s debt restructuring process to reach a compromise as delays continue to hinder progress. Abebe Selassie, the IMF Director for the African Department, expressed frustration over the prolonged negotiations but remains hopeful for a resolution with the Official Creditors Committee. [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":57578,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,7,12],"tags":[234,235,233],"class_list":["post-57579","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-head-lines","category-policy","tag-africa-press","tag-africa-press-zambia","tag-zambia"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>IMF Urges Compromise in Zambia\u2019s Debt Restructuring Process - Zambia<\/title>\n<meta name=\"description\" content=\"The International Monetary Fund (IMF) has called for all parties involved in Zambia\u2019s debt restructuring process to reac ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zambia\/all-news\/imf-urges-compromise-in-zambias-debt-restructuring-process\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IMF Urges Compromise in Zambia\u2019s Debt Restructuring Process\" \/>\n<meta property=\"og:description\" content=\"The International Monetary Fund (IMF) has called for all parties involved in Zambia\u2019s debt restructuring process to reac ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zambia\/all-news\/imf-urges-compromise-in-zambias-debt-restructuring-process\" \/>\n<meta property=\"og:site_name\" content=\"Zambia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-02-07T21:22:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2024\/02\/sm_1707274642.705798.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1728\" \/>\n\t<meta property=\"og:image:height\" content=\"1151\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/imf-urges-compromise-in-zambias-debt-restructuring-process#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/imf-urges-compromise-in-zambias-debt-restructuring-process\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"IMF Urges Compromise in Zambia\u2019s Debt Restructuring Process\",\"datePublished\":\"2024-02-07T21:22:08+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/imf-urges-compromise-in-zambias-debt-restructuring-process\"},\"wordCount\":275,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/imf-urges-compromise-in-zambias-debt-restructuring-process#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2024\/02\/sm_1707274642.705798.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Zambia\",\"Zambia\"],\"articleSection\":[\"all news\",\"head lines\",\"policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/zambia\/all-news\/imf-urges-compromise-in-zambias-debt-restructuring-process#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/imf-urges-compromise-in-zambias-debt-restructuring-process\",\"url\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/imf-urges-compromise-in-zambias-debt-restructuring-process\",\"name\":\"IMF Urges Compromise in Zambia\u2019s Debt Restructuring Process - 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