Zambia has signed a debt deal with its foreign lenders, the IMF’s chief announced recently, providing financial relief to the first African nation to default after the Covid pandemic.

Zambia had reached an agreement in principle with its creditors, which include China and Western nations, on $6.3 billion of its debt in June, but it had yet to be finalised.

For more information, please see https://www.theeastafrican.co.ke/tea/business/zambia-signs-debt-deal-with-creditors-imf-chief-says-4398972