{"id":32893,"date":"2022-10-21T22:20:11","date_gmt":"2022-10-21T22:20:11","guid":{"rendered":"https:\/\/www.africa-press.net\/zambia\/all-news\/musokotwane-eager-to-renegotiate-debt-awaits-chinas-team"},"modified":"2022-10-21T22:39:43","modified_gmt":"2022-10-21T22:39:43","slug":"musokotwane-eager-to-renegotiate-debt-awaits-chinas-team","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/zambia\/all-news\/musokotwane-eager-to-renegotiate-debt-awaits-chinas-team","title":{"rendered":"Musokotwane eager to renegotiate debt, awaits China\u2019s team"},"content":{"rendered":"

Africa-Press – Zambia. <\/strong><\/span>Zambia\u2019s finance minister said on Saturday it is still unclear who will be leading talks for renegotiating its nearly $6 billion debt with China, the largest bilateral creditor of the first African sovereign default in 2020 after the Covid-19 pandemic hit.<\/p>\n

China co-chairs a committee of official bilateral creditors with France as part of a debt restructuring that Zambia is seeking under the Group of 20\u2019s Common Framework, a platform for highly indebted countries to rework their debt with bilateral creditors.<\/p>\n

\u201cIt is up to the Chinese authorities to choose who they want to represent them,\u201d Situmbeko Musokotwane said in an interview with Reuters on the sidelines of the International Monetary Fund and World Bank annual meetings in Washington.<\/p>\n

\u201cI don\u2019t know at this particular moment,\u201d he said, when asked who represents China on the official creditors committee.<\/p>\n

Western countries last week ratcheted up their criticism of China, the world\u2019s largest bilateral creditor, as the main obstacle to moving ahead with debt restructuring agreements for the growing number of countries unable to service their debts.<\/p>\n

At the end of 2021, China held about a third of Zambia\u2019s $17.27 billion international debt, according to Zambian government data. Since then, Zambia has cancelled $2 billion in undisbursed loans, many from Chinese lenders.<\/p>\n

Musokotwane said negotiating with bilateral creditors including China before private creditors had \u201cworked fairly well,\u201d but admitted there had been complaints from international investors who hold the country\u2019s sovereign bonds.<\/p>\n

\u201cIt cannot be plain sailing because people approach it from different perspectives,\u201d he added.<\/p>\n

For More News And Analysis About Zambia<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Zambia. Zambia\u2019s finance minister said on Saturday it is still unclear who will be leading talks for renegotiating its nearly $6 billion debt with China, the largest bilateral creditor of the first African sovereign default in 2020 after the Covid-19 pandemic hit. China co-chairs a committee of official bilateral creditors with France as […]<\/p>\n","protected":false},"author":84,"featured_media":32892,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,248],"tags":[234,235,233],"class_list":["post-32893","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-to-homepage","tag-africa-press","tag-africa-press-zambia","tag-zambia"],"yoast_head":"\nMusokotwane eager to renegotiate debt, awaits China\u2019s team - Zambia<\/title>\n<meta name=\"description\" content=\"Zambia\u2019s finance minister said on Saturday it is still unclear who will be leading talks for renegotiating its nearly $6 ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zambia\/all-news\/musokotwane-eager-to-renegotiate-debt-awaits-chinas-team\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Musokotwane eager to renegotiate debt, awaits China\u2019s team\" \/>\n<meta property=\"og:description\" content=\"Zambia\u2019s finance minister said on Saturday it is still unclear who will be leading talks for renegotiating its nearly $6 ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zambia\/all-news\/musokotwane-eager-to-renegotiate-debt-awaits-chinas-team\" \/>\n<meta property=\"og:site_name\" content=\"Zambia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-10-21T22:20:11+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-10-21T22:39:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2022\/10\/postQueueImg_13-63531f98b53a7.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"464\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/musokotwane-eager-to-renegotiate-debt-awaits-chinas-team#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/musokotwane-eager-to-renegotiate-debt-awaits-chinas-team\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Musokotwane eager to renegotiate debt, awaits China\u2019s team\",\"datePublished\":\"2022-10-21T22:20:11+00:00\",\"dateModified\":\"2022-10-21T22:39:43+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/musokotwane-eager-to-renegotiate-debt-awaits-chinas-team\"},\"wordCount\":275,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/musokotwane-eager-to-renegotiate-debt-awaits-chinas-team#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2022\/10\/postQueueImg_13-63531f98b53a7.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Zambia\",\"Zambia\"],\"articleSection\":[\"all news\",\"economy\",\"to-homepage\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/zambia\/all-news\/musokotwane-eager-to-renegotiate-debt-awaits-chinas-team#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/musokotwane-eager-to-renegotiate-debt-awaits-chinas-team\",\"url\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/musokotwane-eager-to-renegotiate-debt-awaits-chinas-team\",\"name\":\"Musokotwane eager to renegotiate debt, awaits China\u2019s team - Zambia\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/musokotwane-eager-to-renegotiate-debt-awaits-chinas-team#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/musokotwane-eager-to-renegotiate-debt-awaits-chinas-team#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2022\/10\/postQueueImg_13-63531f98b53a7.jpg\",\"datePublished\":\"2022-10-21T22:20:11+00:00\",\"dateModified\":\"2022-10-21T22:39:43+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"Zambia\u2019s finance minister said on Saturday it is still unclear who will be leading talks for renegotiating its nearly $6 ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/musokotwane-eager-to-renegotiate-debt-awaits-chinas-team#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/zambia\/all-news\/musokotwane-eager-to-renegotiate-debt-awaits-chinas-team\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/musokotwane-eager-to-renegotiate-debt-awaits-chinas-team#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2022\/10\/postQueueImg_13-63531f98b53a7.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2022\/10\/postQueueImg_13-63531f98b53a7.jpg\",\"width\":720,\"height\":464,\"caption\":\"Musokotwane eager to renegotiate debt, awaits China\u2019s team\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/musokotwane-eager-to-renegotiate-debt-awaits-chinas-team#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/zambia\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Musokotwane eager to renegotiate debt, awaits China\u2019s team\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/#website\",\"url\":\"https:\/\/www.africa-press.net\/zambia\/\",\"name\":\"Zambia\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/zambia\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"caption\":\"cfeditoren\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Musokotwane eager to renegotiate debt, awaits China\u2019s team - Zambia","description":"Zambia\u2019s finance minister said on Saturday it is still unclear who will be leading talks for renegotiating its nearly $6 ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/zambia\/all-news\/musokotwane-eager-to-renegotiate-debt-awaits-chinas-team","og_locale":"en_US","og_type":"article","og_title":"Musokotwane eager to renegotiate debt, awaits China\u2019s team","og_description":"Zambia\u2019s finance minister said on Saturday it is still unclear who will be leading talks for renegotiating its nearly $6 ...","og_url":"https:\/\/www.africa-press.net\/zambia\/all-news\/musokotwane-eager-to-renegotiate-debt-awaits-chinas-team","og_site_name":"Zambia","article_publisher":"https:\/\/www.facebook.com\/AfricaPressTunisiaa","article_published_time":"2022-10-21T22:20:11+00:00","article_modified_time":"2022-10-21T22:39:43+00:00","og_image":[{"width":720,"height":464,"url":"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2022\/10\/postQueueImg_13-63531f98b53a7.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/zambia\/all-news\/musokotwane-eager-to-renegotiate-debt-awaits-chinas-team#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/zambia\/all-news\/musokotwane-eager-to-renegotiate-debt-awaits-chinas-team"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/zambia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"Musokotwane eager to renegotiate debt, awaits China\u2019s team","datePublished":"2022-10-21T22:20:11+00:00","dateModified":"2022-10-21T22:39:43+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/zambia\/all-news\/musokotwane-eager-to-renegotiate-debt-awaits-chinas-team"},"wordCount":275,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/zambia\/all-news\/musokotwane-eager-to-renegotiate-debt-awaits-chinas-team#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2022\/10\/postQueueImg_13-63531f98b53a7.jpg","keywords":["Africa Press","Africa Press-Zambia","Zambia"],"articleSection":["all news","economy","to-homepage"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/zambia\/all-news\/musokotwane-eager-to-renegotiate-debt-awaits-chinas-team#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/zambia\/all-news\/musokotwane-eager-to-renegotiate-debt-awaits-chinas-team","url":"https:\/\/www.africa-press.net\/zambia\/all-news\/musokotwane-eager-to-renegotiate-debt-awaits-chinas-team","name":"Musokotwane eager to renegotiate debt, awaits China\u2019s team - Zambia","isPartOf":{"@id":"https:\/\/www.africa-press.net\/zambia\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/zambia\/all-news\/musokotwane-eager-to-renegotiate-debt-awaits-chinas-team#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/zambia\/all-news\/musokotwane-eager-to-renegotiate-debt-awaits-chinas-team#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2022\/10\/postQueueImg_13-63531f98b53a7.jpg","datePublished":"2022-10-21T22:20:11+00:00","dateModified":"2022-10-21T22:39:43+00:00","author":{"@id":"https:\/\/www.africa-press.net\/zambia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"Zambia\u2019s finance minister said on Saturday it is still unclear who will be leading talks for renegotiating its nearly $6 ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/zambia\/all-news\/musokotwane-eager-to-renegotiate-debt-awaits-chinas-team#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/zambia\/all-news\/musokotwane-eager-to-renegotiate-debt-awaits-chinas-team"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/zambia\/all-news\/musokotwane-eager-to-renegotiate-debt-awaits-chinas-team#primaryimage","url":"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2022\/10\/postQueueImg_13-63531f98b53a7.jpg","contentUrl":"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2022\/10\/postQueueImg_13-63531f98b53a7.jpg","width":720,"height":464,"caption":"Musokotwane eager to renegotiate debt, awaits China\u2019s team"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/zambia\/all-news\/musokotwane-eager-to-renegotiate-debt-awaits-chinas-team#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/zambia\/"},{"@type":"ListItem","position":2,"name":"Musokotwane eager to renegotiate debt, awaits China\u2019s team"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/zambia\/#website","url":"https:\/\/www.africa-press.net\/zambia\/","name":"Zambia","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/zambia\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/zambia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/zambia\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","caption":"cfeditoren"}}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/zambia\/wp-json\/wp\/v2\/posts\/32893","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/zambia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/zambia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/zambia\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/zambia\/wp-json\/wp\/v2\/comments?post=32893"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/zambia\/wp-json\/wp\/v2\/posts\/32893\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/zambia\/wp-json\/wp\/v2\/media\/32892"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/zambia\/wp-json\/wp\/v2\/media?parent=32893"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/zambia\/wp-json\/wp\/v2\/categories?post=32893"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/zambia\/wp-json\/wp\/v2\/tags?post=32893"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}