Debt restructuring: Is Zambia victim of China-US showdown?
Published on: Wednesday 15 March 2023
There is an African saying which goes like, ‘when [two] elephants fight, it is the grass that suffers.’Indeed, when two powerful forces are at loggerheads, the effects may be on the innocent and uninvolved ones either directly or indirectly.Could this be the case for Zambia’s debt restructuring exercise with the official external creditors which has protracted for far too long now?Seemingly, at play, are China and the United States (US) as well...
News source: https://www.msn.com/en-xl/news/other/debt-restructuring-is-zambia-victim-of-china-us-showdown/ar-AA18GG3j
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