Zambia power map- Lunsemfwa hydro

China may yet cause problems for Zambia’s debt restructuring

Issue 487 - 06 Jul 2023 - By Chiwoyu Sinyangwe | 5 minute read

A novel debt restructuring deal between Zambia and its bilateral creditors should pave the way for Lusaka to finally receive new assistance from the International Monetary Fund (IMF) and, in time, move beyond its debt defaulting status with credit ratings agencies.

The deal could help to relieve pressure on debt-stressed state utility Zesco but, as so often, the devil resides in the detail and some significant elements have yet to be put in place, including a critical agreement with private creditors that could involve further tough negotiations with Beijing.

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