Choices in forgiving debts
by the Monitor's Editorial Board
Apr 11, 2023
2 minutes
Last year, a committee of international lenders, led by France and China, reached what was hailed as a groundbreaking agreement to ease the debt burden of Zambia, the first African country to default on its loans during the pandemic. The deal was supposed to mark a new era of cooperation among creditors at a time when roughly 60% of low-income
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