Zambia clinches major debt deal with China

Zambia clinches major debt deal with China

Zambia clinches major debt deal with China

Zambia says it has reached a deal to defer debt repayments that were due in October on a loan from the China Development Bank (CDB). Zambia owed CDB about $391m at the end of 2019 — about a tenth of the $3bn it owes Chinese entities — according to the finance ministry.

For more information, please see https://www.lusakatimes.com/2020/10/29/zambia-clinches-major-debt-deal-with-china/

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