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It’s Make or Break Time in Zambia as the Government, Bondholders, and China All Face-Off

File photo of Zambia President Edgar Lungu. SALIM DAWOOD / AFP

A dramatic showdown is taking place in Zambia. Bondholders, Chinese creditors, and the government are all involved, and the fate of the country’s financial stability is at stake. A crucial vote is scheduled to take place tomorrow that will likely determine if Zambia will become the first African country this year to default on a portion of its external debt.

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