Zambia kwacha has surged by approximately 20% against the USD, making it the world’s best-performing currency this month. Investors bet that a long-awaited debt restructuring may finally come to fruition. Zambia’s Eurobonds have also benefited, with the nation’s USD notes handing investors a 4.7% return in the same period. An agreement with Zambia’s official creditor’s committee is a pre-requisite for unlocking a USD 188 mln disbursement from the IMF.