China’s monitoring progress of negotiations on Zambia’s debt restructuring

China is closely monitoring the progress of negotiations on Zambia’s debt restructuring and will take steps to support Zambia in dealing with relevant issues, Chinese Foreign Ministry spokesman Mao Ning said on Friday.

At a regular press conference in Beijing, Mao stressed that China is playing a crucial role in this issue.

“Congratulations on the significant progress made in Zambia’s debt restructuring negotiations. As Zambia’s good friend and partner, China takes Zambia’s debt concerns very seriously. China was the first official international creditor to relieve Zambia’s debt and, as co-chair of Zambia’s Official Creditors Committee, led the efforts that led to significant…