Zambia wants to be a model for resolving Africa’s debt crises

Save time by listening to our audio articles as you multitaskNine months later, is Mr Hichilema enjoying the job he craved? “It’s not fun trying to rebuild a damaged economy,” he tellsThe job starts with restructuring Zambia’s unsustainable public debt, which is above 100% of. Since the country defaulted in 2020 it has not serviced most of its external borrowing.

Mr Hichilema does not completely rule out a deal linking debt-restructuring to proceeds from copper mining. But he is aiming for one without “new liabilities” or a reduction in the mining revenues that could be used to invest in Zambia’s economy. He is optimistic about striking a deal with bondholders. He says Zambia has restored good faith with these creditors by making clear the true scale of its debts to China, which were about double what Mr Lungu’s government had admitted.

.

HHichilema We we are slightly certain with the new leadership that can definitely be achieved, But only if we as Zambians decide to support the cause and not scout for possibilities of failure. SIMZ⚜️

Bio raw the stronger defences

China brings peace and prosperity whereas the US in the best case did nothing and in the worst case brings death and destruction.

here are my naked photos

United Kingdom Latest News, United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Sri Lanka’s prime minister resigns in the face of escalating protestsBoth politically and economically, things will get worse before they get better War drumming and divisive us versus them propaganda will assist greatly in bringing such things to fruition.
Source: TheEconomist - 🏆 6. / 92 Read more »

Africa’s most wanted man confirmed dead by UN\n\t\t\tKeep abreast of significant corporate, financial and political developments around the world.\n\t\t\tStay informed and spot emerging risks and opportunities with independent global reporting, expert\n\t\t\tcommentary and analysis you can trust.\n\t\t Rest in Hell !!! I hope he was in 16 pieces
Source: FT - 🏆 113. / 51 Read more »

South Africa’s April floods made twice as likely by climate crisis, scientists sayBrutal heatwave in India and Pakistan also certain to have been exacerbated by global heating, scientists say
Source: Guardian Science - 🏆 107. / 51 Read more »

South Africa’s April floods made twice as likely by climate crisis, scientists sayBrutal heatwave in India and Pakistan also certain to have been exacerbated by global heating, scientists say
Source: Guardian news - 🏆 28. / 68 Read more »

WeWork loses $500 million in three monthsCo-working space pioneer WeWork lost £412 million in the first three months of the year but claimed it is on the road to making money
Source: Evening Standard - 🏆 92. / 53 Read more »

‘One of my biggest regrets’ - Vardy apologised to Peter Andre for chipolata claim‘One of my biggest regrets’ Rebekah Vardy apologised to Peter Andre for chipolata claim O my gawd terrible an apology is never enough
Source: The Independent - 🏆 80. / 59 Read more »