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ZAMBIA’S CHINESE BANKS DEBT COMMERCIAL – GOV’T

…as IMF executive board to meet to complete the first review of its US$1.3 billion extended fund facility (EFF) program for Zambia.

ZAMBIA’s debts to the Industrial & Commercial Bank of China and Bank of China will be treated as commercial in debt talks, a senior Finance and National Planning Ministry official said yesterday, after a deal was struck with bilateral creditors including China last week.

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