Andrea Shalal (Reuters) (The Jakarta Post)
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Lusaka ● Wed, January 25 2023
United States Treasury Secretary Janet Yellen said on Monday during a visit to Zambia that it was critically important to restructure the country’s debt, and she believd progress could be made after her frank talks with key creditor China last week.
Yellen added that Zambia’s debt overhang was a drag on its whole economy and that China had been a barrier to resolving the southern African country’s debt problem.
However, she said she was encouraged that progress could shortly become possible following her meeting with Chinese officials in Zurich last week.
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