About: http://data.cimple.eu/news-article/6c91c10ea49bc655342b82ce0ea1bb86db835c5d22135f173911700b

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An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	Heavily indebted Zambia has lodged a request for funding for reforms from the International Monetary Fund (IMF), the Fund said Tuesday. The announcement came as President Edgar Lungu's office confirmed he had met with the visiting head of the IMF's Africa Department, Abebe Aemro Selassie. "Zambian authorities have formally requested a financing arrangement... to support their reform efforts," the IMF said in a statement, adding that it was reviewing the request. Zambia's external debt has surged to nearly $12 billion this year. In September, the government of the copper-rich country requested a six-month deferral on interest payments for three commercial eurobonds worth $3 billion. But it missed the $42.5 million interest payment due on one bond on October 14, prompting ratings agency S&P to declare the country in default. A month later a grace period ended for payment on a $750 million eurobond due to expire in 2022. Failure to honour its obligations could see it officially declared in default, becoming Africa's first economy to default during the coronavirus pandemic. str-sn/rl
schema:headline	Debt-ridden Zambia seeking IMF financing
schema:mentions	2009 flu pandemic External debt Zambia International Monetary Fund Africa Coronavirus President of the United States Edgar Lungu Eurobond (external bond)
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-12-08 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	74 (xsd:integer)
http://data.cimple...tology#hasEmotion	fear

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