“China is asking lots of questions in the creditors committees, and that causes delays, that strings out the process,” David Malpass, the president of the Washington-based development lender, said in an interview with Bloomberg TV’s Kathleen Hays and Paul Allen.
Malpass spoke after meeting last month with officials from China Development Bank and Export-Import Bank of China, the nation’s two largest lenders to poor countries. US Treasury Secretary Janet Yellen and Kristalina Georgieva, the head of the IMF, also visited Zambia this week to try to expedite a deal.
Zambia became Africa’s first pandemic-era sovereign defaulter in 2020, and since then has been struggling to revamp external debt that topped $17 billion, more than a third of which is held by Chinese creditors.
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