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Zambia Expresses Optimism It Can Allay Chinese Concerns Over Debt Deal

Zambian Finance Minister Situmbeko Musokotwane speaking at an event on the sidelines of the Mining Indaba in Cape Town, South Africa on February 7, 2024. Image via Invest Africa.

The Zambian Finance Minister Situmbeko Musokotwane said he’s hopeful his country’s three-year debt restructuring odyssey can finally be resolved sometime before June.

Musokotwane was cautious about providing any specific timetable but said on Wednesday that he’s nonetheless optimistic he can resolve Chinese concerns that private bondholders are receiving better terms in the current restructuring proposal, amid a seeming stalemate in the process.

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