Zambia's Musokotwane sees 'positive dynamics' in sovereign debt issue talks

Zambian Finance Minister Situmbeko Musokotwane on Wednesday welcomed growing awareness about the risks of a sovereign debt crisis among developing countries, and said he was seeing "positive dynamics" in global discussions on the issue. Zambia needs urgent debt relief to be able to recover and grow, Musokotwane told Reuters after participating in a sovereign global debt roundtable held during the spring meetings of the International Monetary Fund and the World Bank. "It is encouraging to see that the world has realized the dangers of the looming debt crisis in developing countries," he said.

Zambian Finance Minister Situmbeko Musokotwane on Wednesday welcomed growing awareness about the risks of a sovereign debt crisis among developing countries, and said he was seeing "positive dynamics" in global discussions on the issue.

Zambia needs urgent debt relief to be able to recover and grow, Musokotwane told Reuters after participating in a sovereign global debt roundtable held during the spring meetings of the International Monetary Fund and the World Bank.

"It is encouraging to see that the world has realized the dangers of the looming debt crisis in developing countries," he said. "Zambia needs urgent debt relief to be able to recover and grow. We are seeing positive dynamics in discussions. Everyone wants a resolution."