Zambia Signs Deals With Chinese Lenders to Revamp Some Loans
PositiveFinancial Markets

Zambia has made significant progress in managing its debt by signing bilateral deals with Chinese lenders, including the Export-Import Bank of China. This move, announced by Finance Minister Situmbeko Musokotwane, is crucial as it aims to alleviate Zambia's financial burdens and improve its economic stability. By restructuring these loans, Zambia is taking a proactive step towards ensuring a more sustainable financial future, which could lead to increased investor confidence and economic growth.
— Curated by the World Pulse Now AI Editorial System