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In the News

Debt Relief - Lenders urged to cancel Zambia debt

Graham Watson

16th September 2022

Much like Sri Lanka has had a well-publicised economic crisis, Zambia too seems to be on the brink of economic collapse and there are calls for international lenders to write-off some of their loans.

Such debt relief would buy the country time to try and get its house in order, although with private investors holding nearly 50% of all debt, there are worries that they won't agree to this. As a result, there may well be some form of debt restructuring, otherwise the economy's development will stall.

We have done a revision video on the economics of debt relief which can be found here

Graham Watson

Graham Watson has taught Economics for over twenty years. He contributes to tutor2u, reads voraciously and is interested in all aspects of Teaching and Learning.

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