How China, COVID-19 and investors pushed Zambia into debt default | Counting the Cost
The G20 nations, made up of the world's biggest economies, struck an historic agreement on restructuring debt for some of the world’s poorest nations.
It goes beyond the current deal to freeze debt repayments until June of next year.
It is significant because it includes China, which has been reluctant to sign up to any deal that would cancel or restructure debts.
Despite the deal, Zambia has defaulted on its debt.
Plus: Extraordinary times call for extraordinary measures. We explain why central banks are thinking about introducing negative interest rates.
And, Brazil drops out of the ranking of the top 10 economies.
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Видео How China, COVID-19 and investors pushed Zambia into debt default | Counting the Cost канала Al Jazeera English
It goes beyond the current deal to freeze debt repayments until June of next year.
It is significant because it includes China, which has been reluctant to sign up to any deal that would cancel or restructure debts.
Despite the deal, Zambia has defaulted on its debt.
Plus: Extraordinary times call for extraordinary measures. We explain why central banks are thinking about introducing negative interest rates.
And, Brazil drops out of the ranking of the top 10 economies.
- Subscribe to our channel: http://aje.io/AJSubscribe
- Follow us on Twitter: https://twitter.com/AJEnglish
- Find us on Facebook: https://www.facebook.com/aljazeera
- Check our website: https://www.aljazeera.com/
Видео How China, COVID-19 and investors pushed Zambia into debt default | Counting the Cost канала Al Jazeera English
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