Zambia's Landmark Debt Deal with China and Other Creditors.
TL;DR Summary
Zambia has reached a debt deal with China and other major creditors, which includes extending debt repayment periods and introducing a three-year grace period. However, China, the country's biggest bilateral lender, has not taken any haircuts as part of the agreement. Zambian President Hakainde Hichilema says that while a deal may be done, the hard work is not over.
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