China should head the creditors committee being formed to renegotiate Zambia’s $17.3 billion of foreign debt because that will help accelerate the resolution process, the southern African country’s finance minister said. Moneyweb
China should head the creditors committee being formed to renegotiate Zambia’s $17.3 billion of foreign debt because that will help accelerate the resolution process, the southern African country’s finance minister said. The Asian nation, whose lenders account for more than one-third of Zambia’s total external public liabilities, in April indicated that it would join the official creditors committee, breathing life to a process that had stalled.
A quick resolution will help the continent’s second-largest copper producer access concessional loans from the World Bank and the African Development Bank and make it easier for companies to tap international markets to fund expansion. President Hakainde Hichilema’s government has adopted the Group of 20’s so-called Common Framework for debt treatment designed to help poor countries. Progress has been slow, even after Zambia won preliminary approval for a $1.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
South China Sea: Taiwan jets scramble as China air force enters air defence zoneTAIPEI, May 6 (Reuters) - Taiwan's air force scrambled on Friday to warn away 18 Chinese aircraft that entered its air defence zone, Taiwan's defence ministry said, part of what is a regular pattern of incursions that has angered the government in Taipei.
Read more »
OPINION| China is retooling the capitalist paradigmOPINION| China is retooling the capitalist paradigm: The forms of capitalism adopted in the West and in economies such as China are influenced by how early or late those polities were in coming to the game
Read more »
OPINION| China is retooling the capitalist paradigmOPINION| China is retooling the capitalist paradigm - The forms of capitalism adopted in the West and in economies such as China are influenced by how early or late those polities were in coming to the game
Read more »
Business Maverick: US mulls sanctions against China tech giant Hikvision over human rights issuesShares of Hangzhou Hikvision Digital Technology Co tumbled by 10% as the US considers imposing new sanctions on surveillance-technology giant, potentially the harshest measures so far against a major Chinese company.
Read more »
SA Post Office temporarily suspends mail service to China due to COVID-19 - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The South African Post Office (SAPO) has temporarily suspended its airmail service to China as air connections to the country are currently unavailable due to travel restrictions.
Read more »
One South Africa marches against 'capture' of Siyathemba Local Municipality in Prieska - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.One South Africa (OSA) Chief Activist Mmusi Maimane and the residents of Prieska in the Northern Cape held a march against what they call illegal power grab by the African National Congress in Siyathemba Local Municipality.
Read more »