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CAPE TOWN, Sept 1 - Indebted nations that have faced lengthy negotiations with creditors need to have access to faster sovereign debt restructuring mechanisms, the International Monetary Fund's First Deputy Managing Director Gita Gopinath said on Friday.
"I ... felt hopeless about this until two to three months ago," she told the event, organised by the South African Reserve Bank ."But after Zambia's debt restructuring ... I'm feeling more hopeful that there is actually a way we can have more faster and timely debt restructurings done." SARB Governor Lesetja Kganyago told the conference that inflation expectations in the country remained elevated.
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