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China’s Top SSA Diplomat Praises Zambia-Exim Bank Deferral Deal, Makes No Mention of Default

by Eric Olander

China’s top diplomat for sub-Saharan Africa, Wu Peng, issued the first comment by any Chinese official on the Zambian debt crisis since the country defaulted on a bond payment last Saturday. Wu noted the China Exim Bank’s $110 million debt deferral deal that took place on Monday and repeated his previously stated reassurances that China will work collaboratively to resolve the Zambian debt issue.

Other than Wu’s Tweet, there’s been no official Chinese comment or reaction to the situation in Zambia.

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