EM CEEMEA CREDIT: Zambia: IMF Report
(ZAMBIN; Caa2pos/SD/-)
“Zambia’s Bonds Sink Most in Emerging Markets After IMF’s Warning” - BBG
- Zambia 33’s are 44c lower cash price and 53’s seem like 2.6pts according to our bbg feeds.
- Extract from IMF:
“Zambia’s public debt is assessed as sustainable, but the country remains at high risk of overall and external debt distress. The authorities have reached agreements in principle with most external commercial creditors, and efforts are ongoing to advance bilateral agreements with official bilateral creditors, in line with program parameters and comparability of treatment as defined by the Official Creditors Committee. Although Zambia is at a high risk of debt distress because of near-term breaches of the DSA thresholds, it is expected to reach a moderate risk of external debt distress over the medium term.” – IMF
“The latest CI score, 2.58 (as of April 2025), remains below the 2.69 threshold for medium debt-carrying capacity” - IMF
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