Is China Setting the Agenda for Global South Debt Restructuring?
The China-Global South Podcast
Debt restructuring in Zambia and Sri Lanka
This chapter discusses the debt restructuring processes in Zambia and Sri Lanka, highlighting the involvement of traditional lenders, bilateral lenders, and private creditors. It examines the concessions made by China in the Zambia debt restructuring agreement and evaluates China's preferences reflected in the final deal. The chapter also cautions about the binding precedent of the Zambia deal in future negotiations and distinguishes between official and commercial credit.
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