Germany has cancelled and rescheduled an estimated US $323 million of Zambian debt to Germany, news reports said On Wednesday. Germany has written off 48 percent of Zambia's debt and rescheduled the rest to paid off between April 2007 and October 2023. The payment was originally scheduled for payment between 31 March 1999 and 31 March 2002.
This article was produced by IRIN News while it was part of the United Nations Office for the Coordination of Humanitarian Affairs. Please send queries on copyright or liability to the UN. For more information: https://shop.un.org/rights-permissions
Hundreds of thousands of readers trust The New Humanitarian each month for quality journalism that contributes to more effective, accountable and inclusive ways to improve the lives of people affected by crises.
Our award-winning stories inform policy-makers and humanitarians, provide accountability and transparency over those meant to help people in need, and provide a platform for conversation and discussion with and among affected and marginalised people.
We’re able to continue doing this thanks to the support of our donors and readers like you who believe in the power of independent journalism. These contributions help keep our journalism free and accessible to all.