Zambia Restructures 88% of External Debt Under G20 Framework

• Restructured US$13.34 billion of US$14.92 billion debt
• 2025 debt payment reduced to US$599 million

Lusaka, Zambia – Zambia has successfully restructured $13.34 billion, or 88.2%, of its $14.92 billion external debt under the G20 Common Framework, easing its repayment burden. According to Secretary to the Treasury Felix Nkulukusa, the remaining 11.8% is yet to be renegotiated, but the deal will reduce Zambia’s debt payments for 2025 to $599 million (K16.7 billion), freeing up fiscal space for the national budget.