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Zambia likely to default today after creditors reject standstill

Tellimer Research Patrick Curran @ Tellimer Research
Patrick Curran @
Tellimer Research
13 November 2020

Revisiting the IMF SDR allocation — The time is right

Stuart Culverhouse 13 November 2020

Zambia: Hard default appears imminent

Patrick Curran 13 October 2020

G20 debt relief: What we have learnt so far

Stuart Culverhouse 30 September 2020

Zambia: Investor presentation kicks off ambitious restructuring timeline

Patrick Curran 29 September 2020
Latest articles in Zambia

Sovereign defaults in 2020: Experience and lessons

We've seen a record number of sovereign defaults on bonded (external) debt this year according to our records, at least in terms of recent history, although it was becoming obvious we were heading for a record even by the middle of the year. Second,...
Tellimer Research Stuart Culverhouse
Stuart Culverhouse @ Tellimer Research 8 December 2020
Sovereign defaults in 2020: Experience and lessons
Sovereign defaults in 2020: Experience and lessons

Zambia likely to default today after creditors reject standstill

By the close of business today Zambia could become the fifth country globally and first in sub-Saharan Africa to default since Covid began. In addition, the government budgeted for eurobond payments in 2021 in case the standstill is rejected, creatin...
Tellimer Research Patrick Curran
Patrick Curran @ Tellimer Research 13 November 2020
Zambia likely to default today after creditors reject standstill
Zambia likely to default today after creditors reject standstill

Revisiting the IMF SDR allocation — The time is right

The extraordinary G20 finance ministers and central bank governors (FMCBG) meeting today, ahead of the Leaders’ Summit (21-22 November), is due to publish the Common Framework for dealing with bilateral debt and also discuss outstanding issues relate...
Tellimer Research Stuart Culverhouse
Stuart Culverhouse @ Tellimer Research 13 November 2020
Revisiting the IMF SDR allocation — The time is right
Revisiting the IMF SDR allocation — The time is right

Zambia: Hard default appears imminent

The Ministry of Finance said in a press release today (here) that “Should Zambia fail to reach an agreement with its commercial creditors (including holders of its Eurobonds) on the terms of the appropriate standstills, as previously stated, the Repu...
Tellimer Research Patrick Curran
Patrick Curran @ Tellimer Research 13 October 2020
Zambia: Hard default appears imminent
Zambia: Hard default appears imminent

Zambia provides some answers but leaves many questions on restructuring

On Wednesday, the government published a document addressing the questions posed during its virtual investor presentation on 29 September (see here for all relevant documents and here for our initial take). However, guidance on progress towards a pro...
Tellimer Research Patrick Curran
Patrick Curran @ Tellimer Research 8 October 2020
Zambia provides some answers but leaves many questions on restructuring
Zambia provides some answers but leaves many questions on restructuring

G20 debt relief: What we have learnt so far

Mozambique became the 32nd country to be accepted by the Paris Club for bilateral debt service relief under the G20's Debt Service Suspension Initiative (DSSI) yesterday. We observe the vast majority of the 32 countries now approved for debt service...
Tellimer Research Stuart Culverhouse
Stuart Culverhouse @ Tellimer Research 30 September 2020
G20 debt relief: What we have learnt so far
G20 debt relief: What we have learnt so far