THE Zambia – China Friendship Association (ZCFA) says Zambia should take a two-track approach to resolve its debt to China, one, through the Common Framework, and another, by engaging the Chinese government on a bilateral level. ZCFA president Fredrick Mutesa says the bilateral approach between the Chinese and the Zambian government would help address ‘difficulties’ that may not be amenable under the common framework. Mutesa: “The loan that Zambia got from China was entered into on a bilateral basis between the government of Zambia and the Chinese financial institutions and the Chinese government. And therefore, it is important to take a two-track approach, on one hand, sit on the round table under the auspices of the G20 Common Framework which...

To continue reading this premium content, login to your account or Subscribe to our ePaper using the buttons below.
Log In Subscribe