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Zambia's Looming Default Is Only the Start of a Global Reckoning With Debt.
- Source :
- World Politics Review (19446284); 10/29/2020, p1-4, 4p
- Publication Year :
- 2020
-
Abstract
- The article informs that Zambia's government suspended interest payments on some sovereign bonds and, loans from bilateral creditors especially China. It further discusses its economy in trouble from a high public debt burden as well as the COVID-19 pandemic; interest payments on its debt had become quite substantial, analogous to charges on a high-interest rate credit card; and with low interest rates, emerging and frontier markets offered private investors opportunities for higher returns.
Details
- Language :
- English
- ISSN :
- 19446284
- Database :
- Supplemental Index
- Journal :
- World Politics Review (19446284)
- Publication Type :
- Periodical
- Accession number :
- 146825703