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NGO: The UK, Not China is the Biggest Obstacle To Zambian Debt Relief

by Eric Olander

The next stage of the Zambian debt default crisis may play out in a London court.

NGOs like Oxfam and the Jubilee Debt Campaign contend that because the vast majority of Eurobonds are covered by English law, the British government could play a unique role in preventing private creditors from forcing highly-indebted poor countries to repay bonds and other loans at the expense of more pressing social services. 

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