Zambia, France Sign Landmark Debt Restructuring Deal

• Zambia and France have signed a bilateral debt restructuring agreement.
• It’s a significant step in Zambia’s effort to revamp its $13 billion external debt.
• Under the agreement, Zambia will extend the maturity of its debt by an average of 12 years.

Zambia and France have signed a bilateral debt restructuring agreement, a significant step in Zambia’s effort to revamp its $13 billion external debt. The deal marks progress in a process that began after Zambia became the first African nation to…