Zambian president Hakainde Hichilema (third from right) tours the Kafue Bulk Water Supply Project in Lusaka Province, which was financed by the Export-Import Bank of China. Photo: Xinhua
Zambian president Hakainde Hichilema (third from right) tours the Kafue Bulk Water Supply Project in Lusaka Province, which was financed by the Export-Import Bank of China. Photo: Xinhua

Chinese relief pledge for Zambia may set example for other indebted African nations

  • Zambia accumulated an unsustainable debt burden largely because of excessive spending on infrastructure projects funded by China and other creditors
  • Governments may consider postponing or cancelling non-priority projects and focus spending on things that will promote growth and cut poverty, says an economist

Zambian president Hakainde Hichilema (third from right) tours the Kafue Bulk Water Supply Project in Lusaka Province, which was financed by the Export-Import Bank of China. Photo: Xinhua
Zambian president Hakainde Hichilema (third from right) tours the Kafue Bulk Water Supply Project in Lusaka Province, which was financed by the Export-Import Bank of China. Photo: Xinhua
READ FULL ARTICLE