Debt-Burdened Zambia Reaches Billion-Dollar Loan Restructuring Deal With China, Other Countries
The French government announced on Thursday that it had reached an agreement with China, of which Zambia is its biggest creditor, and other creditor countries for a $6.3 billion loan restructuring, according to the Associated Press (AP). The deal gave landlocked African countries concessions to facilitate debt repayments to China, to which Zambia owes $4.1 […]
