Zambian President Hakainde Hichilema on April 25 thanked China for joining the African nation’s committee of official creditors, a big step towards restructuring its debt.
Zambia defaulted in 2020, the first country to do so in the pandemic era, after its debt burden reached more than 120% of national output. At the end of 2021, Zambia’s external debt stood at $17.3 billion, according to government figures. Of that, China and Chinese entities held $5.78 billion. A further $3 billion was owed to international bondholders and $2.1 billion to multilateral lending agencies such as the International Monetary Fund.FILE PHOTO: Yuan banknotes are seen in this illustrative photograph taken in Beijing July 26, 2010.
لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر: