Monday, February 6, 2023

Zambia, China, and Debt Relief

 Axios published on 31 January 2023 an article titled "China's First African Debt Rodeo Is Playing Out in Zambia" by Hans Nichols.

Zambia defaulted on its external debt.  China is the single largest holder of Zambia's debt, which puts unusually high pressure on Beijing to help ameliorate the problem.