Zambia cbank-debt relief conditions must be met

ZAMBIA - Zambia's central bank warned on Mar 30, 2001 that the southern African country faced a very difficult environment if it failed to meet conditions for a $3.8 billion debt relief package.

"We have to meet the (HIPC) benchmarks. Failure to do this will lead to a very difficult environment," Bank of Zambia Governor Jacob Mwanza told reporters at his quarterly press briefing.

The debt relief agreement, under an initiative for Highly Indebted Poor Countries (HPIC), requires that Zambia conti