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Where Lusaka leads, others will follow?
Zambia’s $1.3bn IMF bailout to test how China handles defaults
Lusaka’s demand, after it secured an IMF bailout, will test China’s willingness to accept writedowns
Beijing was Lusaka’s biggest creditor with $6bn in loans before southern African country’s default in 2020
Agreement between official creditors paves way for IMF bailout and sets precedent for other troubled economies
The south Asian nation is facing dire fuel and food shortages amid ongoing economic and political crises. What does that mean for the rest of the world?
Restructuring closely watched by other countries for signs of how Beijing will respond to defaults
Bondholders are preventing low-income countries from protecting vulnerable populations
Miner to spend $1.25bn on copper project expansion as country’s president seeks to revive economy
The government needs to assure overseas capital that the country is a safe and secure place to invest
Better mechanisms are needed to help Sri Lanka, Zambia and others resolve their debts
Debt challenge seen as test of whether Beijing will accept losses from loans made to Africa
Landmark deal marks first step towards securing debt relief from Chinese and other creditors
After bond default in 2020, Hichilema must reassure investors he can stabilise the copper-rich nation
Incumbent Edgar Lungu accepts results as Hakainde Hichilema sweeps to victory
Southern African nation heads to the polls against backdrop of debt crisis
Governments should implement policies that both encourage investment and fill state coffers
Independence leader who fought white rule and helped shape postcolonial southern Africa
Leader governed with iron fist for decades but became example to region’s strongmen by restoring democracy
ZCCM aims to take ‘strategic’ stakes and operate assets
Research from Lusaka morgue points to routine undercounting of fatalities
With further payments coming due, Lusaka is under pressure to stabilise finances to secure an IMF deal
African country’s move to buy out its majority partner in the Mopani copper mine is a gamble
Miner also pulls out of Tanzania nickel project as it moves to trim long tail of assets
Debt woes illustrate how high-octane borrowing and misrule scuppered one of Africa’s fastest-growing economies
International Edition