How China, COVID-19 and investors pushed Zambia into debt default | Counting the Cost

How China, COVID-19 and investors pushed Zambia into debt de...

Counting the Cost

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The G20 nations, made up of the world's biggest economies, struck an historic agreement on restructuring debt for some of the world’s poorest nations. It goes beyond the current deal to freeze debt repayments until June of next year. It is significant because it includes China, which has been reluctant to sign up to any deal that would cancel or restructure debts. Despite the deal, Zambia has defaulted on its debt. Plus: Extraordinary times call ...
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The G20 nations, made up of the world's biggest economies, struck an historic agreement on restructuring debt for some of the world’s poorest nations. It goes beyond the current deal to freeze debt repayments until June of next year. It is significant because it includes China, which has been reluctant to sign up to any deal that would cancel or restructure debts. Despite the deal, Zambia has defaulted on its debt. Plus: Extraordinary times call ...
Read More