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China ‘Coming on Board’ Zambian Debt Talks: Treasury

Felix Nkulukusa, Zambia’s treasury secretary, confirmed discussions are now underway within the Chinese government about restructuring Zambian debt, as the African country grapples with the aftermath of its November 2020 default. This follows comments last week by Vicky Ford, the UK Minister for Africa, that ...

Financial Mega Firm BlackRock, China Both Blamed For Slowing Zambia’s Debt Restructuring Process

Zambia's burgeoning debt crisis is once again in the spotlight as stakeholders exchange blame over who's responsible for blocking a comprehensive deal to restructure the country's $17.3 billion of external debt. Anti-poverty activists are accusing BlackRock, the $10 trillion asset management ...