Zambia’s outstanding external debt to Chinese financiers is approximately $6.6bn, almost double the $3.4bn revealed by the previous Zambian government, according to a research paper by the China Africa Research Institute. The revelations come as new Zambian president Hakainde Hichilema enters talks with major US-based creditors including the IMF and World Bank in the hope of securing a new bailout. The lenders have previously expressed concerns about the extent of Chinese lending to the country.
Source : African Business
