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<p>Zambia is one of three countries – along with Chad and Ethiopia - to have so far
requested the Common Framework, which was agreed between the G20 and Paris Club to
help deliver a long-term, sustainable approach for supporting low-income countries
to tackle their debt vulnerabilities.</p><p> </p><p>Under the terms of the Common
Framework, a debtor country that signs an MoU with participating official creditors
will be required to seek from all private creditors a treatment at least as favourable.
Accordingly, once Zambia signs an MoU for its case it will need to engage its private
creditors to ensure their participation on comparable terms.</p><p> </p><p>The UK
is fully committed to ensuring the private sector plays its part and the Government
engages private sector creditors on international debt issues in a number of fora.</p>
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