World

New Zambian president pledges to plug black hole of debt

Hakainde Hichilema’s government is discovering Zambia’s true debt burden is much larger than envisaged

01 September 2021 - 18:44 By Matthew Hill and Taonga Clifford Mitimingi

Zambian President Hakainde Hichilema’s government is trying to uncover the full extent of its obligations as it prepares to seek a bailout from the International Monetary Fund and begin talks to revamp the nation’s debt. ..

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