Bondholders’ vote on debt restructuring deal shows confidence in New Dawn – expert
Published On May 30, 2024 » 958 Views» By Times Reporter » Business, Stories
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By ANDREW MULENGA –
AN economic expert says the overwhelming vote by bondholders in favour of the proposed restructuring deal for Zambia is a vote of confidence the international community has in the Government to revive the economy.
Michelo Maunga said that bondholders would not have voted in favour of the proposed restructuring deal if they did not have confidence in Zambia’s current administrations to take necessary steps to restore the economy.
Mr Michelo said in an interview that the development is a vote of confidence in the Government and that it will allow for the debt restructuring process to proceed and conclude.

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