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Zambia and Saudi Arabia Formalize Debt Restructuring Agreement

December 30, 2024December 30, 2024 - by Allegra Nguyen - Leave a Comment

Zambia and Saudi Arabia have signed a debt restructuring agreement to reorganize over $130 million in debt owed by Zambia. The deal, complemented by a $35 million loan for hospital …

Business

Zambia and Saudi Arabia Formalize Debt Restructuring Agreement

December 27, 2024December 27, 2024 - by Marcus Chen - Leave a Comment

Zambia and Saudi Arabia have signed a debt restructuring agreement involving over $130 million of Zambia’s debt. The deal was formalized in Lusaka by Zambian Finance Minister Situmbeko Musokotwane and …