CSPR demand Transparency in Eurobond Buyback
By Francis Maingaila ♥️ Lusaka, Zambia24, (June 5, 2026 ) – The Civil Society for Poverty Reduction (CSPR) has called on the Government to provide full details of its planned US$1.36 billion Eurobond buyback, warning that the transaction must be handled with transparency, accountability and caution. CSPR Executive Director Isabel Mutembo Mukelabai said the operation involves the repurchase of Zambia's restructured Eurobond using a US$600 million loan from the African Development Bank (AfDB) alongside Government resources. Mukelabai said the transaction could benefit Zambia by retiring a costly debt instrument whose interest payments would have increased over time until 2053. "The step-up structure of the Eurobond meant that debt service costs would continue rising. Buying back the bond now could help reduce future repayment pressure and improve debt management," Mukelabai said. She added that replacing part of the Eurobond with more favourable financing could stren...