Zambia reforms could go to waste if restructuring delayed further - Treasury Secretary

Kitco Media
By Reuters
Published:
Updated:
Reuters
April 12 (Reuters) - Zambia could lose gains achieved so far from macroeconomic reforms if its ongoing debt restructuring is further delayed, Treasury Secretary Felix Nkulukusa said on Wednesday. Zambia defaulted on its overseas debt and is working on debt reworks with its creditors. "We have an economic programme that is an important element for the reform we are undertaking, but the second component, the restructuring, is delayed," Nkulukusa said. He said the delay signals challenges and tests people's patience with tough policies as "the population starts questioning what the government is doing." (Reporting by Andrea Shalal and Jorgelina do Rosario in Washington; writing by Rodrigo Campos;)

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