IMF Agrees $1.4bn Zambia Bailout

Former Zambia’s President Edgar Lungu (L) shakes hands with China’s President Xi Jinping before their bilateral meeting at the Great Hall of the People on September 1, 2018. – Lungu is in China for the Forum on China-Africa Cooperation which will be held in Beijing on September 3 and 4. (Photo by Nicolas ASFOURI / POOL / AFP)

The $1.4bn deal after months of negotiations is a major boost to President Hakainde Hichilema as he looks to restructure the country’s debts.

 

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