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Reuters
Reuters
Business
Chris Mfula, Karin Strohecker and Joe Bavier

Zambia aims for IMF debt deal in May - Finance Minister

FILE PHOTO: Zambia's Minister of Finance Situmbeko Musokotwane addresses participants during the Initial Public Offer launch of Zambia's Konkola Copper Mine in the capital Lusaka, November 17, 2010. REUTERS/Mackson Wasamunu/File Photo

Zambia expects an International Monetary Fund (IMF) debt health check to be finalised this month, to strike a restructuring deal with creditors by April and get a formal agreement with the fund signed off in May, its finance minister said.

"I have to be optimistic, because in the absence of optimism where can Zambia go?" Situmbeko Musokotwane told Reuters in an interview on Tuesday. "We are a serious group determined to make sure that this issue of debt that's been dogging us for years and years, we are determined to put this behind us."

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