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ZAMBIA'S DEFAULT FUELS OF AFRICAN "DEBT TSUNAMI" AS COVID IMPACT BITES  

Zambia's default fuels fears of African 'debt tsunami' as Covid impact bites  | Global development | The GuardianAid agencies say debts should be restructured or cancelled due to the pandemic and warn other countries could follow

Zambia has become the first African country to default on its debts since the pandemic, leading to fears that a “debt tsunami” could engulf the continent’s most heavily indebted nations as the financial impact of coronavirus hits. Read more HERE

Zambia's default fuels fears of African 'debt tsunami' as Covid impact bites  | Global development | The GuardianAid agencies say debts should be restructured or cancelled due to the pandemic and warn other countries could follow

Zambia has become the first African country to default on its debts since the pandemic, leading to fears that a “debt tsunami” could engulf the continent’s most heavily indebted nations as the financial impact of coronavirus hits. Read more HERE

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Published on 25/11/2020 @ 15h26   | |