China, France to Co-Chair Zambia's Debt Talks.

(Bloomberg) -- China and France will co-chair a creditors' panel that is being set up to renegotiate Zambia's foreign debt and the process is expected to be completed by the end of next month, the southern African country's President, Hakainde Hichilema said. The first African nation to default during the pandemic, Zambia has external debt of about $17.3 billion, more than a third of which is owed to China, and has been struggling to rework its liabilities since 2020. [Extracted from the article]