Delays to Zambia’s debt restructuring threaten to hold up the country’s IMF deal and add to the signs that the Common Framework isn’t fit for purpose. Elsewhere, Ghana’s government appears to be open to suggestions to soften the terms of a domestic debt exchange, which could result in external creditors enduring larger losses as part of a debt restructuring. Meanwhile, South Africa’s energy crisis has continued to dominate the headlines, but officials seem unwilling to swallow the bitter medicine of large electricity tariff hikes that are required to turn the situation around.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services