Zambia’s Central Bank Governor Christopher Mvunga said the need to treat all of its creditors equally is the reason why the government couldn’t repay bondholders a $42.5 million interest payment that was due last Saturday. “One of the conditions is that all creditors have to be treated equally. … It’s not that we could not pay. It’s just that if we pay one creditor then we need to pay all the creditors,” Mvunga told a news conference on Wednesday.
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