Zambia’s economy has been hard hit by the coronavirus pandemic. Photo: AP Zambia’s economy has been hard hit by the coronavirus pandemic. Photo: AP
Zambia’s economy has been hard hit by the coronavirus pandemic. Photo: AP

China-Africa relations: Zambia on way to debt default as G20 relief plan comes too late

  • Common Framework agreement is designed to provide a lifeline for countries saddled with unsustainable debt levels
  • But many of Lusaka’s loans came from private lenders that are not fully covered by the deal

Topic |   Africa
Zambia’s economy has been hard hit by the coronavirus pandemic. Photo: AP Zambia’s economy has been hard hit by the coronavirus pandemic. Photo: AP
Zambia’s economy has been hard hit by the coronavirus pandemic. Photo: AP
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