Tackling of Zambia’s Debt Beyond signed MoUs with Bilateral Creditors.

Zambia recently took a significant step toward managing its debt crisis by signing a memorandum of understanding (MOU) with its bilateral creditors to restructure $6.3 billion of its loans. This agreement, which includes a three-year grace period for interest payments and extended maturities, brings hope for the country’s financial stability and potential increase in social sector spending.