Zambia in touch with China and other creditors, finance minister says

  • 📰 ReutersAfrica
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 53%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Zambia remains in touch with China and all its other creditors as it continues to negotiate a debt restructuring, finance minister Situmbeko Musokotwane said at an International Monetary Fund press conference on Saturday.

at South African rail and port operator Transnet showed more regional infrastructure was required, adding that international lenders had not previously appreciated Africa's need for infrastructure.

"This is why, of course, when other lenders came on the scene promising infrastructure, those who are affected said, 'Oh, this is exactly what we are looking for'," he said. "But, of course, perhaps they did so in their overzealousness." At the end of 2021, about a third of Zambia's $17.27 billion external debt was held by China, much of it for infrastructure projects. Since then, $2 billion of undisbursed loans have been cancelled, many from Chinese lenders.Reporting by Rachel Savage; Editing by Kirsten Donovan and Ros Russell

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 31. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Zambia: Gov't, U.S. Hold Inaugural Business Summit to Boost Trade, InvestmentZambia is hosting a two-day business summit in Lusaka this week to try to attract American investors to the country.
Källa: allafrica - 🏆 1. / 99 Läs mer »

Business Maverick: IMF sees China Covid Zero exit in 2023, calls for more stimulusChina may not move away from its stringent Covid Zero policy until the second half of next year, according to the International Monetary Fund’s top official in the country, who also called for more monetary and fiscal stimulus to support the economy. How to destroy your economy with one policy
Källa: dailymaverick - 🏆 3. / 84 Läs mer »