Follow CGSP on Social Media

Listen to the CGSP Podcast

The China Development Bank’s Debt Deferral in Zambia is a Good Start, But It’s Not Enough

Photo via China Daily.

The China Development Bank’s (CDB) announcement yesterday that it will allow Zambia to push back an interest payment that was due last Sunday to next April was an unexpected development.

After all, we haven’t seen China’s powerful policy banks publicly demonstrate this kind of flexibility in their dealings with African borrowers. So, we should commend this development in the hope that it’ll encourage them to be even more forthcoming in the future.

  • Get a daily email packed with the latest China-Africa news and analysis.
  • Read exclusive insights on the key trends shaping China-Africa relations.
  • Full access to the News Feed that provides daily updates on Chinese engagement in Africa and throughout the Global South.

China, Africa and the Global South... find out what’s happening.

Subscribe today for unlimited access.

What is The China-Global South Project?


The China-Global South Project is passionately independent, non-partisan and does not advocate for any country, company or culture.


A carefully curated selection of the day’s most important China-Global South stories. Updated 24 hours a day by human editors. No bots, no algorithms.


Diverse, often unconventional insights from scholars, analysts, journalists and a variety of stakeholders in the China-Global South discourse.


A unique professional network of China-Africa scholars, analysts, journalists and other practioners from around the world.