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Zambia Reaches Debt Deferral Agreement With China Development Bank

Zambia's Secretary to the Treasury Fredson K. Yamba. Image via ZNBC.

Zambia’s Secretary to the Treasury Fredson K. Yamba announced that his office has reached a debt restructuring agreement with the China Development Bank on one of its loans. It’s important to note that the statement explicitly mentions a single loan and does not refer to CDB’s broader loan portfolio in Zambia.

The following is a transcript of Secretary Yamba’s statement:

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