Tuesday, April 11, 2023

Zambian Debt Relief Tests China

 Axios published on 10 April 2023 a commentary titled "Why Zambia's Debt Restructuring Is a Critical Test for China" by Kate Marino.  

China has been reluctant to accept the G-20s "Common Framework" roadmap for creditors to work out the debt defaults of lower income nations such as Zambia.  China says it wants to be "constructive" in these talks but has not yet committed to provide significant debt relief to Zambia.