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1/17/2024

READOUT: Under Secretary for International Affairs Jay Shambaugh’s Call with Minister of Finance Situmbeko Musokot…

READOUT: Under Secretary for International Affairs Jay
Shambaugh’s Call with Minister of Finance Situmbeko
Musokotwane of Zambia
January 17, 2024

WASHINGTON – Today, Treasury Under Secretary for International A airs Jay Shambaugh
spoke with Zambian Minister of Finance and National Planning Situmbeko Musokotwane. They
discussed Zambiaʼs ongoing debt restructuring under the Common Framework and e orts to
finalize negotiations with all remaining creditors. Under Secretary Shambaugh welcomed
Zambiaʼs performance to date under its IMF program and encouraged continued progress on
the remaining economic reforms. Under Secretary Shambaugh and Minister Musokotwane
also discussed Zambiaʼs response to the recent cholera outbreak, and Under Secretary
Shambaugh reiterated the U.S. Governmentʼs commitment to partner with Zambia to end the
outbreak.
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https://home.treasury.gov/news/press-releases/jy2027

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