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Zambia , Tuesday 02 June 2026

Zambia 'punished' as debt rework not finished, says finance minister

Published on: Wednesday 05 April 2023

Zambia 'punished' as debt rework not finished, says finance minister By Rachel Savage and Chris Mfula LUSAKA (Reuters) - Zambia is being "punished" for a failure to complete debt restructuring that is not its fault, but its two main creditors, China and international bondholders, both want a resolution, the country's finance minister told Reuters. Zambia was the first African country to default in 2020 after the COVID-19 pandemic battered the global economy. Many


News source: https://www.msn.com/en-us/money/markets/zambia-punished-as-debt-rework-not-finished-says-finance-minister/ar-AA19xqyV

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