After meeting on Monday, Zambia’s bilateral creditors agreed to release a statement on the ongoing talks to restructure the country’s $17.3bln foreign debt to permit the IMF’s board to sign off a $1.4bln three-year bailout program. Zambia reached a staff-level agreement with the IMF on the $1.4bln ECF program in December 2021, but the fund said the country would not receive any disbursements until it agrees with its creditors to reduce the country’s debt to sustainable levels.