Zambia secures debt relief deal with China and other creditors.
TL;DR Summary
Zambia has reached a debt relief agreement with China and other creditors, which will help the country to manage its debt burden. The agreement includes a suspension of interest payments and a deferral of principal repayments. Zambia has been struggling with a high debt load, exacerbated by the Covid-19 pandemic, and has been seeking financial aid from its creditors.
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