Zambia's Landmark Debt Deal with China and Other Creditors.
TL;DR
Zambia has reached a debt deal with China and other major creditors, which includes extending debt repayment periods and introducing a three-year grace period. However, China, the country's biggest bilateral lender, has not taken any haircuts as part of the agreement. Zambian President Hakainde Hichilema says that while a deal may be done, the hard work is not over.
- How will Zambia’s debt deal with China and other big creditors work? South China Morning Post
- Zambia to Pay 1% Interest After ‘Mission Impossible’ Debt Deal Yahoo Finance
- Africa in Business: Zambia's debt and Kenya's tax Reuters
- Zambia Debt Restructuring With China Is a Landmark Moment Bloomberg
- Hichilema Says Accord Caps Difficult Part of Zambia's Debt Deal Bloomberg
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