What happens if Zambia defaults on its debt?

What happens if Zambia defaults on its debt?

Before the coronavirus outbreak, Zambia's debt had already reached dangerous at its debt rate, with Zambian and international economists warning that Zambia had borrowed more than it could afford to pay back.

Now Zambia is hoping to get a loan bailout from the IMF after becoming the first African nation to default on debt since the COVID-19 pandemic started.

What does this debt default mean for Zambia and the African continent?
Also find out what the African continent free trade agreement is about.
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Видео What happens if Zambia defaults on its debt? канала The peak story