Tag: Hichilema
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Zambian President Returns Home From Week-Long Visit to China, No Updates on Debt Restructuring Deal
Zambian President Haikinde Hichilema returned home this weekend from a week-long trip to China that appeared to be as much about sightseeing as it was about conducting substantive diplomacy. During the last stop of his tour in Beijing on Friday, Hichilema met ...
WEEK IN REVIEW: China and Zambia’s Landmark Debt Deal
After nearly two years of painful, drawn-out negotiations, Zambia finally closed a deal to restructure its bilateral external debt. The announcement was made last week at a global development finance summit in Paris and the new agreement is widely seen as ...
With an IMF Deal in the Bag, the Big Question is How Will Hichilema Handle Zambia’s Chinese Debts?
Zambian President Haikainde Hichilema (photo) got the news he was hoping for on Friday when the International Monetary Fund announced that it had granted preliminary approval for a $1.4 billion, three-year credit facility to the economically beleaguered country. President Hichilema's government ...