finance3 years ago
Zambia Restructures Debt with China and Other Nations.
Zambia has reached a "watershed" agreement with China over the restructuring of its debt, according to the country's finance minister. The deal will see the rescheduling of debt service payments and the extension of the maturity of some loans. Zambia is one of several African countries that have borrowed heavily from China in recent years, leading to concerns over debt sustainability.