LONDON, Jan 18 (Reuters) – Zambia received a “debt-for-nature swap” proposal as part of its $13 billion restructuring discussions, a move that while complex to secure and not part of current talks, could set an eco-friendly precedent for other debt crises if eventually included.
Zambia has become a test case for the G20-led ‘Common Framework’ restructuring vehicle launched during the COVID-19 pandemic, but differences with some of its main creditors about the debt relief required means progress has been slow.
The government confirmed to Reuters on W…
Read the full article at: https://www.reuters.com/world/africa/zambia-received-debt-for-nature-proposal-wwf-13-bln-restructuring-2023-01-18/