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China Finally Commits To “Equal Treatment” for All Zambian Creditors. But Why Did It Take Them So Long to Say So?

China’s top diplomat for sub-Saharan Africa, Wu Peng, took to his new Twitter account at 8pm local time yesterday in Beijing, to reassure investors and other Zambian stakeholders that the Chinese government supports the principle of “equal treatment” for all creditors.

Wu addressed a key obstacle in the ongoing discussions between a group of Eurobond holders and the Zambian finance ministry. The investors are, so far, not persuaded that the government is going to treat all its creditors fairly.

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