G20 debt relief talks should take three months, says IMF Africa headDebt restructuring talks between creditor countries should take three months, the head of the IMF’s Africa Department told Reuters, amid criticisms of the slow speed of negotiations and calls for China to show leadership in tackling debt issues. South Africa has offered to co-chair Zambia’s creditor committee, following China’s pledge to do so at IMF meetings last week, but Zambia’s debt sustainability analysis has yet to be finalized, Abebe Aemro Selassie said in an interview. Selassie welcomed China’s decision to join Zambia’s creditor committee. “China is, you know, a relatively new official creditor,” Selassie said. Other sources close to the situation said the creditor committee was still being formed.

Source: Ethiopian News April 28, 2022 21:32 UTC