Zambia signs agreement with Indian bank on debt restructuring


LUSAKA, May 7 (Xinhua) -- Zambia on Wednesday signed a bilateral agreement with the Export-Import Bank of India (Exim Bank) for the restructuring of its debt.

The agreement covers about 320 million U.S. dollars of central government debt and an additional 15 million dollars owed by Zesco Limited, the state-owned power utility.

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