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China calls on Zambia's creditors to take 'fair burden' in debt restructuring
2023-11-14 00:00:00.0     路透社-非洲     原网页

       BEIJING/JOHANNESBURG, Nov 13 (Reuters) - China called on Zambia's other creditors to shoulder a "fair burden" in the country's debt restructuring, after the IMF and official creditors including Beijing "expressed reservations" about a deal Zambia struck with overseas bondholders.

       Zambia and a bondholder committee were continuing talks, the copper producer's finance ministry said on Friday, after the official creditor committee co-chaired by China and France and the International Monetary Fund had voiced their doubts over the "last several days".

       It did not give any details of what these doubts were, but campaign group Debt Justice calculated that bondholders would receive more money back than official creditors if the deal went ahead.

       "All creditors should work together and participate in Zambia's debt disposal in accordance with the principle of 'common action and fair burden'," China's Ministry of Foreign Affairs said on Monday in a faxed response to a Reuters question on the reservations about the bondholder deal.

       Zambia defaulted three years ago and finally clinched an agreement in principle with a bondholder group in late October, less than two weeks after reaching a restructuring deal with official creditors.

       "IMF Staff have been working with the authorities and their advisers to assess the implications of the proposed agreement in principle (AIP)," an IMF spokesperson said in a statement late on Friday.

       "Further discussions and modifications are needed to bring this initial proposal more fully into line with the requirements of the program. We understand that the authorities intend to discuss further with their creditors in the coming days."

       Reporting by Joe Cash and Rachel Savage; Editing by Emelia Sithole-Matarise

       Our Standards: The Thomson Reuters Trust Principles.

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       Joe Cash Thomson Reuters

       Joe Cash reports on China’s economic affairs, covering domestic fiscal and monetary policy, key economic indicators, trade relations, and China’s growing engagement with developing countries. Before joining Reuters, he worked on UK and EU trade policy across the Asia-Pacific region. Joe studied Chinese at the University of Oxford and is a Mandarin speaker.

       Rachel Savage Thomson Reuters

       Rachel Savage is Africa Senior Markets Correspondent at Reuters, where she covers finance and economics across Sub-Saharan Africa, from sovereign debt crises and IMF programs to foreign exchange markets and cryptocurrencies. Previously she was LGBT+ Correspondent at the Thomson Reuters Foundation for just over three years and was awarded Journalist of the Year in 2021 by the NLJGA: The Association of LGBTQ Journalists, a U.S. group. Before that, Rachel was based in Nairobi and then Lagos as an East and West Africa Correspondent for The Economist, after starting her career a decade ago as a business journalist in London.

       


标签:综合
关键词: bondholders     Zambia's other creditors     Thomson     China's     Correspondent     Reuters     bondholder    
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