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Reaction to Zambia’s Eurobond Debt Default

News of Zambia’s request to postpone payments on three Eurobond notes prompted immediate reactions from stakeholders in the financial services sector, economic policymakers and journalists. 

Here’s a sampling of the reactions on Twitter:

“Sad. It’s important to remember that (a) Zambia’s debt position was already precarious long before COVID and (b) several, I mean SEVERAL, people warned against the govt’s lax approach to debt contraction and management.” — Zambian journalist Chipo Muwowo (@CHIPMUWOWO)

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