Sovereign Analysis /
GlobalZambia: IMF Board approval is major milestone and provides lessons for other EM
IMF Board approval for Zambia's ECF was finally granted c2 years after default and c9 months after staff-level approval
Paves way for creditors to hash out restructuring terms, with private committee to finally be included more formally
Unclear if this foreshadows more urgency from official sector in other cases like Sri Lanka, which was granted SLA today
