Zambia’s foreign debt tragedy – what needs to happen to resolve the crisis
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Back view of woman walking alongside a young girl in school uniform Zambia’s foreign debt stalemate handicaps the country’s ability to raise funds for education and health. Getty Images Danny Bradlow, University of Pretoria Three years after defaulting on its foreign debt, Zambia is still trying to reach agreement with all its creditors on how to manage this situation. This has left the southern African country in a state of development finance limbo. It is handicapped in raising the funds needed to generate jobs, build infrastructure, provide health, education and social services and deal with climate change. Its president, Hakainde Hichilema, has warned that the situation threatens to undermine its democracy.
Zambia’s foreign debt tragedy – what needs to happen to resolve the crisis
Zambia’s foreign debt tragedy – what needs to…
Zambia’s foreign debt tragedy – what needs to happen to resolve the crisis
Back view of woman walking alongside a young girl in school uniform Zambia’s foreign debt stalemate handicaps the country’s ability to raise funds for education and health. Getty Images Danny Bradlow, University of Pretoria Three years after defaulting on its foreign debt, Zambia is still trying to reach agreement with all its creditors on how to manage this situation. This has left the southern African country in a state of development finance limbo. It is handicapped in raising the funds needed to generate jobs, build infrastructure, provide health, education and social services and deal with climate change. Its president, Hakainde Hichilema, has warned that the situation threatens to undermine its democracy.