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Debt Relief - Lenders urged to cancel Zambia debt

Graham Watson

16th September 2022

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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

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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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