The United Nations Development Program issued a new report this week that once again sounded the alarm on the urgent need for debt relief in the world’s poorest countries. The UNDP said 54 countries are at risk, with African countries accounting for almost half.
Zambia, however, is among a handful of countries that is actually making progress in restructuring its debt. Finance Minister Situmbeko Musokotwane says he’s optimistic that a deal can be finalized before the end of the year and China has played a critical role in the process.
Bloomberg reporters Tom Hancock and Matthew Hill have been covering the Zambian debt story from Hong Kong and South Africa respectively and join Eric to explain why there’s so much global interest in how China responds to this particular crisis.
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