BlackRock, bondholders must cancel Zambia debt -economists, experts
JOHANNESBURG — 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 […]
BlackRock, bondholders must cancel Zambia debt -economists, experts
JOHANNESBURG — 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 […]