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Analyst: Zambia Owes More Than Double the $12 Billion to China and Other External Creditors

Zambia owes $27 billion to external creditors rather than the $12 billion figure that is widely circulated in the media, according to Brad Setser’s reading of World Bank data on external debt. Setser, a senior fellow at the Council on Foreign Relations in New York, explained in a six-part Twitter thread that explained why Lusaka owes far more than is reported.

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