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Sharp elbows are out amongst international locations vying to assist lead Zambia’s newly-energized debt restructuring course of, following China’s announcement final week that it plans to hitch a brand new creditor’s committee.
Quickly after Chinese language officers introduced their intent to hitch the committee, they indicated that in addition they needed to function co-chair. Over the weekend, nevertheless, South Africa and France introduced their bid to collectively co-chair the committee that can convene to restructure Zambia’s $17.3 billion of exterior debt.
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