Debt in Africa: Everyone's Watching What China Does in Zambia

The United Nations Development Program issued a new report this week that once again sounded the alarm on the urgent need for debt relief in the world's poorest countries. The UNDP said 54 countries are at risk, with African countries accounting for almost half. Zambia, however, is among a handful of countries that is actually making progress in restructuring its debt. Finance Minister Situmbeko Musokotwane says he's optimistic that a deal can be finalized before the end of the year and China has played a critical role in the process. Bloomberg reporters Tom Hancock and Matthew Hill have been covering the Zambian debt story from Hong Kong and South Africa respectively and join Eric to explain why there's so much global interest in how China responds to this particular crisis. JOIN THE DISCUSSION: Twitter: @ChinaGSProject| @stadenesque | @eric_olander | @mattstephenhill | @hancocktom Facebook: www.facebook.com/ChinaAfricaProject FOLLOW CAP IN FRENCH AND ARABIC: Français: www.projetafriquechine.com | @AfrikChine عربي: www.akhbaralsin-africia.com | @AkhbarAlSinAfr JOIN US ON PATREON! Become a CAP Patreon member and get all sorts of cool stuff, including our Week in Review report, an invitation to join monthly Zoom calls with Eric & Cobus, and even an awesome new CAP Podcast mug! www.patreon.com/chinaafricaproject See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.