(Reuters) - Zambia has been promised $670 million by government and international donors in 2007 but will avoid loans that do not offer concessionary interest rates to keep its debt burden manageable, its finance minister has said.
The southern African country has only $500 million in outstanding debt after the International Monetary Fund, World Bank and western creditors wrote off a large part of it last year.
Read more at Reuters Africa
The southern African country has only $500 million in outstanding debt after the International Monetary Fund, World Bank and western creditors wrote off a large part of it last year.
Read more at Reuters Africa
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