A senior finance ministry official says Zambia’s debt to the Industrial and Commercial Bank of China will be commercial, following a deal struck with bilateral creditors, including China, last week.
The deal restructures $6.3 billion in bilateral debt the southern African nation defaulted on in 2020.
For more, VOA’s Esther-Githui Ewart spoke to Sombo Muzata, assistant professor of political science at James Madison University and Carnegie African Diaspora Fellow at University of Pretoria.