{"id":51404,"date":"2023-11-08T19:08:06","date_gmt":"2023-11-08T19:08:06","guid":{"rendered":"https:\/\/www.africa-press.net\/zambia\/all-news\/activists-demand-blackrock-to-cancel-zambias-debt-2"},"modified":"2023-11-08T19:28:25","modified_gmt":"2023-11-08T19:28:25","slug":"activists-demand-blackrock-to-cancel-zambias-debt-2","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/zambia\/all-news\/activists-demand-blackrock-to-cancel-zambias-debt-2","title":{"rendered":"Activists Demand BlackRock to Cancel Zambia\u2019s Debt"},"content":{"rendered":"

Africa-Press – Zambia. <\/strong><\/span>In a powerful display of solidarity and advocacy, activists from The People\u2019s Forum, Answer Coalition, and numerous other organizations converged outside the headquarters of investment giant BlackRock in New York City yesterday. Their resounding demand: the immediate cancellation of the $220 million debt owed by Zambia to the multi-trillion dollar corporation.<\/p>\n

BlackRock, with a staggering $8.6 trillion in assets under management, stands as the single largest holder of Zambia\u2019s private debt. The activists contend that this financial powerhouse\u2019s refusal to restructure, delay, or reduce interest rates on the debt is perpetuating a financial stranglehold on the African nation.<\/p>\n

Amidst a sea of protest banners and impassioned chants, the activists made a poignant call for justice. The debt cancellation they seek isn\u2019t merely a fiscal gesture; it holds the potential to redirect substantial resources towards vital social services and crucial infrastructure development that could uplift Zambia\u2019s communities.<\/p>\n

The current situation, as painted by the protestors, presents a stark contrast: while Zambia\u2019s economy grapples with the weight of debt, BlackRock continues to profit from this very financial burden. The demonstrators assert that the redirection of funds from debt repayment to local development could be a game-changer for Zambia, fostering economic growth and enhancing the quality of life for its citizens.<\/p>\n

The gathering drew attention to the larger narrative of capitalist financial institutions and their impact on African economies. Activists emphasized that these institutions often lack solutions to the pressing economic challenges faced by African nations, underscoring the urgency for systemic change.<\/p>\n

The rallying cry, \u201cCancel Zambia\u2019s debt now!\u201d reverberated throughout the protest, encapsulating the urgency and determination of those who stand united against what they see as an unjust and exploitative financial arrangement.<\/p>\n

As the sun set on the protest, the message echoed loud and clear: the fight for debt cancellation isn\u2019t just about numbers; it\u2019s about reclaiming agency, fostering equity, and ensuring a brighter future for the people of Zambia.<\/p>\n

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

Africa-Press – Zambia. In a powerful display of solidarity and advocacy, activists from The People\u2019s Forum, Answer Coalition, and numerous other organizations converged outside the headquarters of investment giant BlackRock in New York City yesterday. Their resounding demand: the immediate cancellation of the $220 million debt owed by Zambia to the multi-trillion dollar corporation. BlackRock, […]<\/p>\n","protected":false},"author":84,"featured_media":51403,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,7,12],"tags":[234,235,233],"class_list":["post-51404","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-head-lines","category-policy","tag-africa-press","tag-africa-press-zambia","tag-zambia"],"yoast_head":"\nActivists Demand BlackRock to Cancel Zambia\u2019s Debt - Zambia<\/title>\n<meta name=\"description\" content=\"In a powerful display of solidarity and advocacy, activists from The People\u2019s Forum, Answer Coalition, and numerous othe ...\" \/>\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\/activists-demand-blackrock-to-cancel-zambias-debt-2\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Activists Demand BlackRock to Cancel Zambia\u2019s Debt\" \/>\n<meta property=\"og:description\" content=\"In a powerful display of solidarity and advocacy, activists from The People\u2019s Forum, Answer Coalition, and numerous othe ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zambia\/all-news\/activists-demand-blackrock-to-cancel-zambias-debt-2\" \/>\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=\"2023-11-08T19:08:06+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-08T19:28:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2023\/11\/sm_1699458957.278776.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"533\" \/>\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\/activists-demand-blackrock-to-cancel-zambias-debt-2#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/activists-demand-blackrock-to-cancel-zambias-debt-2\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Activists Demand BlackRock to Cancel Zambia\u2019s Debt\",\"datePublished\":\"2023-11-08T19:08:06+00:00\",\"dateModified\":\"2023-11-08T19:28:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/activists-demand-blackrock-to-cancel-zambias-debt-2\"},\"wordCount\":346,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/activists-demand-blackrock-to-cancel-zambias-debt-2#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2023\/11\/sm_1699458957.278776.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Zambia\",\"Zambia\"],\"articleSection\":[\"all news\",\"head lines\",\"policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/zambia\/all-news\/activists-demand-blackrock-to-cancel-zambias-debt-2#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/activists-demand-blackrock-to-cancel-zambias-debt-2\",\"url\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/activists-demand-blackrock-to-cancel-zambias-debt-2\",\"name\":\"Activists Demand BlackRock to Cancel Zambia\u2019s Debt - 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