After months of delays, all of Zambia’s international creditors will finally convene on Thursday to work out the details of how to restructure the country’s $17.3 billion of external debt.
The inaugural meeting of the official Creditor’s Committee, co-chaired by China and France, will take place online and in Paris, but ironically Zambian representatives will attend virtually and not in person. The French capital was chosen since it’s home to the Paris Club, a legacy organization of wealthy creditors.
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