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Vol 61 No 24

Published 3rd December 2020


Creditors fume as the beat goes on

After the default, the bondholders and Chinese creditors are jostling for priority but secrecy and local politics are blocking a credible solution

National politics and geopolitics are set to scupper any attempts to resolve the crisis over Zambia's more than US$12 billion foreign debt. There is little sign that President Edgar Lungu's government will produce a credible debt-restructuring plan acceptable to both Western and Chinese lenders.

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