Zambia Requests $8.4 Billion in Debt Relief From Foreign Creditors

Zambia has requested $8.4 billion in debt relief over the next three years from its foreign creditors, including China, the country’s largest single creditor and the largest lender to the developing world.

Zambia’s debt restructuring is widely viewed as a test of how much debt relief China will be willing to grant to countries unable to repay what they borrowed from Beijing, which in recent years has shown a reluctance to write down its bilateral debt but can it prefers to lend more or re-profile rather than take discounts.

https://www.wsj.com/articles/zambia-requests-8-4-billion-in-debt-relief-from-foreign-creditors-11662489738 Zambia Requests $8.4 Billion in Debt Relief From Foreign Creditors

Alley Einstein

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