Get all your news in one place.
100's of premium titles.
One app.
Start reading
Reuters
Reuters
Business
By Jorgelina do Rosario and Rachel Savage

Exclusive-Zambia says EximBank to represent Chinese lenders in debt talks

A surveillance camera is silhouetted behind a Chinese national flag in Beijing, China, November 3, 2022. REUTERS/Thomas Peter

The Export-Import Bank of China (EximBank) will lead Beijing's team to renegotiate nearly $6 billion of loans that Zambia owes to Chinese state-owned creditors, the country's finance ministry told Reuters on Thursday.

EximBank, one of Beijing's three policy banks and Zambia's single largest Chinese creditor, is the linchpin in China's Belt and Road Initiative (BRI) that oversees infrastructure lending.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.