Debt cancellation deal for Zambia!
For nearly four years, Zambia has been stuck in negotiations to bring down debt levels that have destroyed the country’s economy. Finally, this week we learnt the groundbreaking news that…
For nearly four years, Zambia has been stuck in negotiations to bring down debt levels that have destroyed the country’s economy. Finally, this week we learnt the groundbreaking news that…
The steering committee for Zambia’s bondholders and the Zambian government have announced they have reached an agreement to restructure Zambia’s debt, which has been accepted by public sector creditors. Reacting…
It's an election year and we've a chance to put debt cancellation on the political agenda – just as we face the biggest global debt crisis in over 20 years.
The Zambian debt crisis has had a huge impact on people right across the country. The ensuing cuts in spending on healthcare and education have been intensely felt by communities…
When Zambia reached a deal with its private lenders on 26 October, some celebrated it as the end of three years of stalemate since the country became the first to…
Bondholders will be repaid a third more than government creditors including China and the UK under the restructuring deal agreed with Zambia, even though they lent at higher interest rates…
This year Pakistan will spend over $20 billion on debt payments to big banks and hedge funds. Right now, the country is struggling to rebuild after horrendous flooding last year,…