Zambia has already started restructuring its debt. Negotiations to defer debt payments are an important option. The China Africa Research Initiative (CARI) estimates that Chinese loans account for about 44% of Zambia’s debt, so the negotiating of Chinese infrastructure loans will be particularly important. The other is to try to access emergency funds that have been made available to poor countries through multilaterals such as the World Bank and the IMF. The long-term solution, though, should be to limit debt contraction and borrow on a sustainable level so as to withstand unexpected crisis such as the COVID-19

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