Zambia strikes debt-restructuring deal with China and other nations.
TL;DR Summary
Zambia has reached a deal with its government creditors, including China, to restructure $6.3 billion in loans, according to the French government. The agreement covers loans from countries including France, the UK, South Africa, Israel, and India, as well as China. The International Monetary Fund has approved the deal, which may provide a roadmap for how China will handle restructuring deals with other nations in debt distress. The deal is the second to be agreed under a mechanism called the Group of 20 Common Framework.
- Debt-plagued Zambia reaches deal with China, other nations to rework $6.3B in loans, French say The Associated Press
- Africa in Business: Zambia's debt and Kenya's tax Reuters
- How will Zambia’s debt deal with China and other big creditors work? South China Morning Post
- Hichilema Sees Zambia's Debt-Restructuring Wrapped Up Soon Bloomberg
- Zambia reaches deal with China, other nations to rework $6.3bn in loans Nikkei Asia
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