Zambia has reached bilateral debt-restructuring agreements with some of its Chinese creditors, including the Export-Import Bank of China.

Finance Minister Situmbeko Musokotwane says the deals represent a major milestone in the country's long and complex journey to reorganize its debt, a process that began after Zambia became Africa's first sovereign defaulter in the aftermath of the COVID-19 pandemic. 

Channel Africa's Economics Reporter, Innocent Semosa, has more..

Zambia has reached bilateral debt-restructuring agreements with some of its Chinese creditors, including the Export-Import Bank of China.
Finance Minister Situmbeko Musokotwane says the deals represent a major milestone in the country's long and complex journey to reorganize its debt, a process that began after Zambia became Africa's first sovereign defaulter in the aftermath of the COVID-19 pandemic.&nbsp;
Channel Africa's Economics Reporter, Innocent Semosa, has more..

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