US, IMF visits put spotlight on China’s role in Zambia debt crisis

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Simultaneous visits to Zambia by International Monetary Fund (IMF) Managing Director Kristalina Georgieva and US Treasury Secretary Janet Yellen have put the spotlight on China’s crucial role in solving Africa’s debt puzzle.

The dual trips last week are widely seen as a last-ditch effort to improve Zambia’s image with its creditors. Finance Minister Situmbeko Musokotwane said the country has done its part to ensure its $13.26bn external debt is restructured within the agreed framework.

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