Over 100 economists and development experts on Friday called for asset manager BlackRock and other holders of Zambian bonds to cancel some of that debt, saying continuing to pay private creditors was "economically inefficient and morally wrong".
Zambia became Africa's first pandemic-era sovereign default nearly two years ago and is seeking $8.4 billion of debt relief from 2022 to 2025 under a new restructuring framework backed by the Group of 20 major economies.
