Stand-off with Chinese and private creditors threatens to deepen Zambian debt crisis

//Stand-off with Chinese and private creditors threatens to deepen Zambian debt crisis

Stand-off with Chinese and private creditors threatens to deepen Zambian debt crisis

Zambia’s debt troubles could worsen as a stand-off with Chinese and commercial private creditors threatens to push the southern African nation into default.China is demanding “equal treatment of all creditors” after it raised concerns that the debt relief it is extending to Zambia may be used to service debt owed to bondholders.But its private creditors, who hold US$3 billion in Eurobonds, have similar concerns and are worried that any debt relief they grant Zambia will be used to service debts…

Article by [author-name] (c) South China Morning Post - Read full story here.

By | 2020-10-25T12:00:20+00:00 October 25th, 2020|World|Comments Off on Stand-off with Chinese and private creditors threatens to deepen Zambian debt crisis