Zambian President Hichilema’s $6bn debt deal hailed as ‘historic’
Much of the money was owed to China, which had been accused of holding up a deal. …
While a bailout agreement had already been reached with the International Monetary Fund (IMF), Zambia needed to restructure its debt to unlock much-needed funds. This debt restructuring process is a critical step toward regaining financial stability, fostering sustainable growth, and safeguarding the well-being of its citizens.
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