Common Framework for Debt Treatments beyond the DSSI: Zambia

(asked on 10th May 2022) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what recent assessment he has made of Zambia's progress through the G20's Common Framework.


Answered by
John Glen Portrait
John Glen
Paymaster General and Minister for the Cabinet Office
This question was answered on 17th May 2022

Zambia is one of three countries – along with Chad and Ethiopia - to have so far requested the Common Framework, which was designed to help deliver a long-term, sustainable approach for supporting low-income countries to tackle their debt vulnerabilities. Zambia reached a Staff-Level Agreement with the IMF in December, marking a step forward. At Spring Meetings, the IMF managing director indicated that China had agreed to join the creditor committee for Zambia. As a creditor to Zambia, it is a priority to work with the rest of the G20 to ensure swift progress on the debt treatment.

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