China under pressure to restructure loans to Zambia, analysts say


Source: scmp.com scmp.com

Key Topics in this News Article:

News Snapshot:

Like many African nations, Zambia has borrowed heavily from China to finance projects under Beijing’s Belt and Road Initiative Country is seeking US$1.3 billion in financial assistance from the IMF and a six-month moratorium on interest payments on US$3 billion worth of Eurobonds Like many African nations, Zambia has borrowed heavily from China to finance projects under Beijing’s Belt and Road Initiative. China is expected to come under pressure to restructure loans it has advanced to Zambia after the southern African nation asked bondholders for a six-month moratorium on interest payments on US$3 billion worth of Eurobonds. The country was...