Illustration: Lau Ka-kuen
Illustration: Lau Ka-kuen
Africa

Is a split in the works between Zambia and its long-time business partner, China?

  • Lusaka faces a growing debt crisis, and hopes Beijing can help refinance some of its loans so that it can secure new credit from IMF
  • Though the countries have a history of projects since to the 1970s, China ‘remains reluctant to engage in formal agreements on debt restructuring’

Illustration: Lau Ka-kuen
Illustration: Lau Ka-kuen
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