Zambia’s debt to Chinese public and private lenders is $6.6bn, almost double the amount disclosed by the previous Zambian government, an analysis of loan data by the China Africa Research Initiative has estimated.
The country's international creditors, which the government is in talks with, have complained that the lack of detail on Zambia’s China loans — which carry specific non-disclosure terms — has hindered the debt restructuring process. China is Africa's largest creditor. It is part of the World Bank and International Monetary Fund-supported Debt Service Suspension Initiative, which has temporarily frozen debt payments to dozens of the world's poorest countries, but it is being urged to do more in terms of disclosure.
Recolonization of Africa