The G20 finance chiefs have hailed the "advanced work" to finalize a memorandum of understanding on Zambia's debt settlement and "ongoing progress" on Ghana, the British media said, citing a draft communique.
The communique also said the leaders urged an early conclusion of debt negotiations being conducted for Ethiopia and Sri Lanka.
As the media noted, the support of G20 financial leaders is aimed at making it easier to implement debt relief plans.
A month later, the nation's foreign bondholders signed non-disclosure agreements with the southern African country's government, marking the start of formal negotiations to restructure more than $3Bln of international bonds. The move would allow Zambia to save $7.65Bln by 2026, according to the IMF.
Zambia's Finance Minister Situmbeko Musokotwane announced on Thursday that he "hoped" a memorandum of understanding on its debt restructuring with official creditors would be signed next week.
However, some experts warned - emphasizing the importance of the agreement for the country as a whole - that the deal was arranged by the IMF and therefore requires some adjustments to the country's economic policy in accordance with the financial institution's prescriptions.
In particular, Hannah Ryder, chief executive of Development Reimagined and a senior associate at the Africa Program of the Center for Strategic International Studies, told Sputnik Africa in June that Zambian citizens will have to face lower fuel and food subsidies, something which in many countries often triggers protests and potentially leads to an economic downturn.
As for Ghana, the gold, cocoa and oil-exporting country - which defaulted on most of its foreign debt in December - is seeking to cut interest payments on its foreign debt by $10.5Bln over the next three years as part of an IMF bail-out received in May.
The nation is looking for a program of debt-service relief to run between 2023 and 2026 as it negotiates a $20Bln external debt restructuring with creditors including China and the Paris Club, as well as international bondholders.