Zambia’s finance minister has criticised extended discussions around the country’s debt restructuring, which have incorporated a Chinese phone for multilateral creditors these types of as the Planet Bank to be involved in the system, warning that the recovery of Africa’s next-greatest copper producer was getting held back again.
Situmbeko Musokotwane said in an interview that “time is of the essence” to finish a restructuring of about $13bn of external financial debt this 12 months, 3 yrs soon after the southern African country defaulted on it. Problems about delays have mounted given that China, the biggest creditor in the talks, last