Despite its agreement with China, Zambia is not at the end of its troubles, according to Fitch Ratings – Jeune Afrique

2023-06-29 14:41:40

This is one of the main announcements from the summit for a new global financial pact, which took place in Paris on June 22 and 23: Zambia’s creditors have agreed to restructure its public debt, which stands at 6 $.3 billion, providing financial aid to the first African country to default as a result of the pandemic. This decision came following lengthy negotiations between China and Western creditors.

Read Its restructured debt, Zambia sees the end of the tunnel
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