Reckless borrowing: Zambia Sinks in debt beyond redemption?

Zambia defaults debt, fail to disclose details on Chinese loan to bondholders The southern African country has defaulted its national debt, with creditors failing to grant a debt relief owing to lack of transparency of information, especially on the country’s dealings with China. The country’s Minister for finance, Bwalya Ng’andu stated that, China has demanded […]