According to the Private Sector Development Association (PSDA), President Hakainde Hichilema’s upcoming visit to China may provide a solution to Zambia’s ongoing debt restructuring program. The visit is seen as a potential opportunity to negotiate new terms and agreements with Chinese lenders, which could help alleviate the country’s financial burden. The PSDA is optimistic that this visit could lead to positive outcomes for Zambia’s economy and future prospects.
In an effort to address Zambia’s debt restructuring program, President Hichilema is considering a visit to China to meet with Chinese President Xi Jinping. As China is Zambia’s largest creditor, the visit is seen as a necessary step towards finding a solution to the country’s debt crisis. According to PSDA Chairperson Yusuf Dodia, efforts must be made to ensure that the visit takes place soon.
As the country’s largest creditor, China’s cooperation and support are crucial for Zambia’s economic recovery. President Hichilema’s efforts to strengthen diplomatic ties and negotiate debt relief with China may be the solution that Zambia needs to overcome its financial challenges.
According to Mr. Dodia, a potential solution to Zambia’s debt restructuring program may lie in President Hichilema’s visit to China and the improvement of development cooperation between the two countries. It is important for Zambia to maintain a positive relationship with China and avoid isolating the country, as this could hinder progress towards resolving the debt crisis.
As Zambia faces a mounting debt crisis, some experts are suggesting that President Hichilema’s upcoming visit to China could provide a potential solution. With China being one of Zambia’s largest creditors, engaging in discussions with Chinese officials could potentially lead to a restructuring of the country’s debt and alleviate some of the financial burden. Experts are urging President Hichilema to prioritize these discussions in order to prevent the debt crisis from worsening.
