Zambian President Hichilema met Macron in Paris and asked him to use his country’s influence to speed up Zambia’s delayed debt restructuring talks. Zambia defaulted on its sovereign debt in 2020 and has struggled to agree a relief deal with its external creditors. Many Western officials have blamed delays in agreeing the debt relief on Zambia’s largest bilateral creditor, China, something Beijing denies. France and China co-chair the committee of Zambia’s official creditors. Zambia sent a debt restructuring proposal to its creditors last month.
Source : CNBC Africa