Zambia welcomes the US Kamala Harris discusses debt reform in Lusaka
On Friday, U.S. Vice President Kamala Harris made her last stop on a continental tour in Zambia. There, she called again for a “rapid finalization” of the country’s major debt restructuring. The United States has made creditors, like China, ignore the country’s estimated $17.3 billion in international debt. 2020 saw the COVID pandemic and the collapse of Zambia. Harris told a press conference after meeting with Zambian President Hakainde Hichilema in Lusaka, “We will continue to push for a quick end to Zambia’s debt treatment and restructuring.” “The international community must assist developing nations like Zambia in regaining their footing. Thus, I will once again urge all bilateral debtors to reduce their debt significantly, as I have done so many times before.” The arrival of Ms. Harris follows that of Janet Yellen, the U.S. Treasury Secretary, by a few months. The US is trying to show its power in response to China’s investments on the resource-rich cont...