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Debt restructuring is a painful exercise – IMF


THE International Monetary Fund (IMF) says without the Common Framework on Debt Treatment, Zambia and Ghana would not have made progress towards debt sustainability.

According to a transcript of the IMF African Department April 2024 press briefing, IMF African Director for Africa, Abebe Aemro Selassie said debt restructurings are always a very painful exercise both for the debtor countries and creditors that have to take a loss.

He said almost always, sovereign debt restructurings took a lot of time.

“I would say that without the Common Framework, we would not have made the progress that we have made in helping countries like Zambia, Ghana move towards debt sustainability CLICK TO READ MORE


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