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US writes off debt

    JOHANNESBURG

    The United States this week wrote off US $32 million of Zambia’s debt, while also rescheduling another US $33 million, the government-owned ‘Times of Zambia’ reported.

    The agreement, said the report, was signed by the US ambassador to Zambia, David Dunn and Zambia’s Economic and Development Minister, Katele Kalumba. “The agreement we have signed consolidates about US $65 million of Zambia’s debt to the US,” Kalumba said.

    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

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