Zambia defaulted on its debt in 2020
Audio By Carbonatix
The World Bank says it has approved a $270m (£232m) loan to Zambia to help it recover from the effects of the coronavirus pandemic, and the economic impact of the war in Ukraine and to manage its debt crisis.
In late 2020 Zambia became the first African country since the onset of the pandemic to default on its debt.
In August, the International Monetary Fund approved a $1.3bn loan to help Zambia - a major copper producer - restructure its debts.
The president of the World Bank has urged other creditors to help reduce Zambia's debt.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Kpebu doubts claims that Akufo-Addo administration interfered with Special Prosecutor
35 minutes -
It’s difficult to believe everything the OSP says – Manasseh Awuni
52 minutes -
I would’ve blocked Ofori-Atta from leaving Ghana if I were Special Prosecutor – Martin Kpebu
2 hours -
I’m headed for public office, but not the OSP role – Martin Kpebu
2 hours -
I will only submit my allegations to a board, not the OSP’s subordinates – Martin Kpebu
2 hours -
‘I’m still a bit traumatised’ – Martin Kpebu recounts alleged abuse during OSP arrest
2 hours -
Martin Kpebu dismisses claims he seeks to become Special Prosecutor
2 hours -
Martin Kpebu denies verbally abusing OSP officers, says allegations are fabricated
2 hours -
Mahama arrives in Doha for 2025 Doha Forum engagements
3 hours -
Milo U13 Champs: Ahafo’s Adrobaa set for thrilling final with Franko International of Western North
5 hours -
Ghana’s HIV crisis: Stigma drives new infections as AIDS Commission bets on AI and six-month injectables
6 hours -
First Ladies unite in Accra to champion elimination of mother-to-child HIV, Syphilis, and Hepatitis B transmission
6 hours -
US Supreme Court agrees to hear case challenging birthright citizenship
7 hours -
Notorious Ashaiman robber arrested in joint police operation
8 hours -
Judge sets key dates after video evidence hurdle in Nana Agradaa appeal case
9 hours