Zambia's Deal With Eurobond Holders is a Major Milestone in Debt Restructuring Talks

Zambia's Deal With Eurobond Holders is a Major Milestone in Debt Restructuring Talks

The East African

President Hakainde Hichilema announced this week that an agreement was reached under the G20 Common Framework, lifting a key hurdle in his government’s push to restructure the country’s $18.6 billion external debt. The debt restructuring negotiations have been held back by differences between China and Western creditors.

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