How did Zambia get into so much debt?
Zambia’s debt keeps on growing, as families start feeling the pinch. Who’s to blame?
Africa Daily · BBC World Service
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Show Notes
Zambia’s up to its eyeballs in debt.
Late last year, it became the first African country to default on its foreign debt since the Covid pandemic began.
And people across the country have started feeling the pinch: many complain about rising prices and their sudden inability to pay their bills.
But Zambia’s looking for a way out: it’s been talking to the International Monetary Fund, hoping to get some sort of bailout.
How did things get so bad though? And is there an easy way out of this crisis?
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