Zambia wins deferral on China Development Bank debt
Chinese debt an obstacle to further relief from Eurobond holders
28 October 2020 - 17:16
Lusaka — Zambia has reached a deal to defer debt repayments that were due in October on a loan from the China Development Bank (CDB), Zambia's government said, without giving the size of the loan or the debt repayments that were due.
Zambia owed CDB about $391m at the end of 2019 — about a tenth of the $3bn it owes Chinese entities — according to the finance ministry. It was not clear whether the loan in question covers all of this debt or a fraction of it...
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