Two of the world's most influential figures in finance are visiting Zambia this week, a sign of growing concerns among Western officials about the role of China and other creditors in the African country's debt management, BTA reports.

The Managing Director of the International Monetary Fund, Kristalina Georgieva

Kristalina Ivanova Georgieva was born on August 13, 1953 in Sofia. Her secondary education and US Treasury Secretary Janet Yellen arrived in Zambia on separate visits to discuss the African country's debt situation.

Almost two years ago, Lusaka asked for its debt to be reduced under the "common framework" - a plan adopted by the Group of 20 leading economies.

However, Zambia's request has not met with understanding from China and its private creditors, despite increasing and increasingly urgent calls for them to reach an agreement on its debt.

And Kristalina Georgieva

Kristalina Ivanova Georgieva was born on August 13, 1953 in Sofia. She has a secondary education and Janet Yellen believe that the proposal announced last year to organize a round table is an opportunity to achieve progress on the issue of restructuring Zambia's public debt. 

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Georgieva and Yellen are in Zambia at the same time by chance, but will hold an informal meeting in Lusaka, announced a representative of the US Treasury Department.

They will also participate in the round table, which will be organized as part of the preparations for the upcoming meeting of the financial representatives of the G-20 countries in India. 

The managing director of the International Monetary Fund, which along with World Bank Group (WBG) President David Malpass helped launch the roundtable, told reporters this month that it aims to address a broader range of issues related to debt management and lending.

The round table does not aim to replace the existing "common framework", notes Kristalina Georgieva

Kristalina Ivanova Georgieva was born on August 13, 1953 in Sofia. She has a secondary education.

The delay in debt restructuring is affecting Zambia negatively.

The average income of its population has fallen from "medium to low" and about 60 percent of people in this African country already live in extreme poverty, World Bank officials warn. 

Kristalina Georgieva

Zambia

Janet Yellen