Zambia, creditors reach additional $3 billion debt restructure deal

The Zambian government recently agreed to restructure $3 billion in international bonds with private commercial bondholders, Western asset managers, and hedge funds. The country is currently negotiating with its other commercial and official bilateral creditors, which struck a deal last year. VOA's Paul Ndiho recently spoke to Kenneth Mwenda, a professor of law at the University of the Western Cape in South Africa, to provide more perspective on what the deal means for Zambia and its people.