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Vol 61 No 10

Published 14th May 2020


Zambia

On the brink of sovereign default

The government is getting no help from the IMF because it won't stop borrowing unsustainably and covertly

After stopping payments on several commercial loans this year, Zambia is set to default on its US$3 billion Eurobonds, now trading at 'distressed debt' levels, with yields over 50%, Africa Confidential has learned.

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