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Zambia Begs China To Cancel Its Huge Debt
President Edgar Lungu of Zambia has pleaded with his Chinese counterpart, Xi Jinping for debt relief as his country grapples with the economic fallout linked to the coronavirus pandemic.
The request was made during a telephone call between the two leaders yesterday. President Lungu blamed the country’s reduced revenue due to the coronavirus pandemic on its inability to service the loan.
“President Lungu called for debt relief and cancellation in light of reduced revenue due to the negative impact of the pandemic, as well as competing needs for the country, to secure adequate resources to fight the pandemic and to stimulate the economy” .
ZambIA presidenCy
The two leaders also talked about other mutual issues. They also agreed to enhance co-operation between the countries as China seeks to expand its influence on the African continent.
SOURCE: AfricaCelebrities.com
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