Jump to navigation

Vol 57 No 12

Published 10th June 2016


Hangover cures in Lusaka

As countries struggle with growing debt and vanishing credit lines, Africa's bankers call for bold new investments

Zambia's travails offered an emblematic backdrop for the annual meeting of the African Development Bank (AfDB) in Lusaka on 23-27 May. After a lengthy spending spree financed by record earnings from copper exports, the country shows all the signs of a serious hangover: of mounting debt and vanishing credit lines. Back in 2003, as Asian demand ramped up Africa's commodity boom, Zambia negotiated a debt relief deal with the World Bank and International Monetary Fund.

End of preview - This article contains approximately 1555 words.

End of preview

Subscribers: Log in now to read the complete article.

Account Holders: Log in now and use your Account Credit to buy this article. No Credit? Top up your Account now.


If you have a print subscription already, click here for a password that gives you full access to the website.

If you are logged in, but still cannot access the full text of this article, email customer services or telephone us on +44(0)1638 743633.