Zambia’s debt problems began with a slump in the price of copper, its principal export. Photo: Getty Images Zambia’s debt problems began with a slump in the price of copper, its principal export. Photo: Getty Images
Zambia’s debt problems began with a slump in the price of copper, its principal export. Photo: Getty Images

China under pressure to restructure loans to Zambia, analysts say

  • Like many African nations, Zambia has borrowed heavily from China to finance projects under Beijing’s Belt and Road Initiative
  • Country is seeking US$1.3 billion in financial assistance from the IMF and a six-month moratorium on interest payments on US$3 billion worth of Eurobonds

Topic |   International Monetary Fund (IMF)
Zambia’s debt problems began with a slump in the price of copper, its principal export. Photo: Getty Images Zambia’s debt problems began with a slump in the price of copper, its principal export. Photo: Getty Images
Zambia’s debt problems began with a slump in the price of copper, its principal export. Photo: Getty Images
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