ECONOMIST Noel Nkhoma says there is need to manage the optimism around the clinched debt restructuring deal as tough decisions will have to be made. And Nkhoma says China played a big role in unlocking Zambia’s debt restructuring deal. Last week, the country clinched a deal to restructure more than $6 billion in debts owed to other governments. According to Bloomberg, Zambia reached an agreement in principle to restructure $6.3 billion of debt with bilateral lenders, setting a precedent for countries struggling to service their liabilities. Speaking when he featured on Hot FM, Friday, Nkhoma said it would be misplaced to think that Zambia’s debt issue had been resolved just by the pronouncement made. “Many people will probably need to...

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