Analysis: Zambia Debt Restructuring
A senior finance ministry official says Zambia’s debt to the Industrial and Commercial Bank of China will be commercial, following a deal struck with bilateral creditors, including China, last week. The deal restructures $6.3 billion in bilateral debt the southern African nation defaulted on in 2020. For more, VOA’s Esther-Githui Ewart spoke to Sombo Muzata, assistant professor of political science at James Madison University and Carnegie African Diaspora Fellow at University of Pretoria.
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