ZAMBIA: CHINA SEEKS MINING ASSETS AS COLLATERAL TO PROTECT AGAINST LOOMING DEFAULT

ZAMBIA: CHINA SEEKS MINING ASSETS AS COLLATERAL TO PROTECT AGAINST LOOMING DEFAULT

   Wed, 18 September 2019

The government has admitted that the economy is slowing, although it still refuses to blame weak debt management. As the import bill is set to rise and debt servicing costs creep up, the risk of delayed payment on state contracts and sovereign default will remain high in coming months. Chinese companies are seeking mining assets as collateral in case of non-payment, leaving western investors potentially more exposed.



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