Crisis hit Zambia is mostly indebted to western private lenders such as BlackRock

[Prime Minister]

Crisis-hit Zambia secures $1.3bn IMF loan to rebuild stricken economy

Years of mismanagement have led to soaring debt levels, but critics say that without meaningful relief, austerity will continue

www.theguardian.com

Debt trap is a propaganda against the Chinese infrastructure drive in Africa.

 

[Aurelian]

Debt trap exist, china gave loans with 4% while western countries 1% but zambia probably ruined for itself especially borrowing from private.