SPECIAL REPORT: FIVE REASONS WHY ZAMBIA IS LIKELY TO DEFAULT ON ITS DEBT THIS WEEK

   Mon, 09 November 2020

EXX Africa identifies five reasons why the debt-distressed copper producer is most likely headed to a default event later this week, as bondholders remain unconvinced by the Zambian government’s debt relief proposals. Zambia could still tap into foreign reserves to delay such a scenario, although spending priorities ahead of next year’s elections would offer no more than a few months pause before a default scenario.

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