The Export-Import Bank of China is suspending the payment of all interest and principal on sovereign loans amounting to $110 million that was due between May 1 and Dec. 31, Zambia’s finance ministry says in statement.
- “Reaching this agreement is an important milestone for Zambia as it undertakes steps to ensure broad-based debt relief and equal treatment of creditors in its debt relief efforts”
- NOTE: Zambia missed an interest payment on its 2024 Eurobonds last week and bondholders demanded more information on Zambia’s debts to Chinese lenders
- NOTE: November 16, <-bsp-bb-link state="{"bbDocId":"QJW9LLDWX2PT","_id":"00000175-d1b6-df9f-ad7d-f5b64a1c0000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Zambia Trades Blame With Bondholders Following Default
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