Zambia’s Debt-for-Energy Swap Explained
Zambia bought back a US$1.36 billion bond with an AfDB loan and committed US$275 million in savings to the power grid. A world first - explained, with the criticisms.
Zambia bought back a US$1.36 billion bond with an AfDB loan and committed US$275 million in savings to the power grid. A world first - explained, with the criticisms.
Debt restructured to 94 per cent of perimeter, inflation at an eight-year low, and record harvests - set against a primary surplus falling by two-thirds and no successor IMF programme.…