The Institute for Security Studies (ISS) published on 14 January 2021 a commentary titled "Zambia Defaults, Economically and Politically" by Peter Fabricius, ISS consultant.
Last November, Zambia defaulted on a $42.5 million Eurobond payment. Zambia's debt problem is serious. Non-Chinese bondholders hold some $3.5 billion in Zambian debt. Estimates of the scale of the Chinese debt vary widely, anywhere between $3 billion and $20 billion. Even the Zambian government may not know the precise amount.
