Economics
Zambia Picks Lazard as Adviser for Debt Restructure
- Country had asked for proposals for ‘liability management’
- Zambia needs to restructure debt to access IMF funding
People await for food distribution in Simumbwe, Zambia, on Jan. 22.
Photographer: Guilllem Sartorio/AFP via Getty Images
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Zambia appointed Lazard Freres as financial adviser to help it restructure its external debt, the Finance Ministry said.