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Felix Nkulukusa, Zambia’s treasury secretary, confirmed discussions at the moment are underway throughout the Chinese language authorities about restructuring Zambian debt, because the African nation grapples with the aftermath of its November 2020 default.
This follows feedback final week by Vicky Ford, the UK Minister for Africa, that vaguely implied China could, in actual fact, be holding up the method: “We’ve bought one creditor that appears to be — one worldwide creditor — that appears to be taking a bit extra time to decide.”
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