Zambia's New Debt Restructuring Plan Vetoed by China-headed Committee | Vantage with Palki Sharma

Zambia has been dealt a blow in its efforts to restructure its debt. The country has been trying to find debt relief since its default in 2020.

China, France & South Africa are part of a committee of creditors overseeing Zambia's debt restructuring.

That committee has vetoed a plan to ease the pressure from $3 billion worth of Eurobonds.

The move has sent shockwaves through Zambia's already battered economy.

Palki Sharma explains.

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Zambia | China | France | South Africa | Debt Restructring | Firstpost | World News | Vantage | Palki Sharma

#zambia #china #france #southafrica #debt #firstpost #vantageonfirstpost #palkisharma #worldnews

Vantage is a ground-breaking news, opinions, and current affairs show from Firstpost. Catering to a global audience, Vantage covers the biggest news stories from a 360-degree perspective, giving viewers a chance to assess the impact of world events through a uniquely Indian lens.

The show is anchored by Palki Sharma, Managing Editor, Firstpost.

By breaking stereotypes, Vantage aims to challenge conventional wisdom and present an alternative view on global affairs, defying the norm and opening the door to new perspectives. The show goes beyond the headlines to uncover the hidden stories – making Vantage a destination for thought-provoking ideas.

Vantage airs Monday to Friday at 9 PM IST on Firstpost across all leading platforms.
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