CAIRO -- Zambia has moved closer to a debt workout after top creditor China agreed to negotiate restructuring terms, potentially setting a precedent for a multilateral framework as other low-income countries struggle to repay loans from Beijing.
Beijing's consent to negotiate sets potential precedent for other indebted nations

Zambian President Hakainde Hichilema has been working to secure support from the International Monetary Fund. © Reuters
CAIRO -- Zambia has moved closer to a debt workout after top creditor China agreed to negotiate restructuring terms, potentially setting a precedent for a multilateral framework as other low-income countries struggle to repay loans from Beijing.