ZNBC news outlet reported that Zambia request for creditors to write off significant amounts of debt is causing a delay in the restructuring deal. Zambia seeks to restructure USD 12.8 bln of external debt after becoming Africa’s first pandemic-era sovereign defaulter in November 2020. To align with the IMF’s debt sustainability analysis requirements, creditors must agree to a present value reduction of USD 6.3 bln, representing about 49% of the total amount being treated.