Afrika.no Meny
jan 23

Zambia's looming debt crisis - is China to blame?

23. januar, kl. 18:00-19:30
Fellesrådet for Afrika og SLUG
Menneskerettighetshuset, Kirkegata 5
Facebook event

Zambia only just over a decade ago had their debts written off by the IMF and the World Bank. However, the public debt in the country has increased significantly in the recent years, and concerns over a possible crisis have been aired. Some are blaming unsustainable Chinese loans and say that China is pursuing debt-trap diplomacy with the aim of taking over Zambia's strategic assets. Is China really the one to blame for the country's debt problems? And what role do IMF and the World Bank have in this regard?

About 60 percent of the Zambian population live below the poverty line (http://www.global.no/landfakta/4036), and yet President Lungu bought himself a luxury jet in October for the humble price of NOK 400 million. What is the consequences of the lack of transparency in the financial sector in Zambia? And how does this affect the daily life for ordinary Zambians?

In the panel:

Joseph Busenga, vice president of Southern Africa Students and Youth Development Association and Norec participant with SAIH

Arve Ofstad, diplomat and former ambassador to Zambia from 2011-2016

Elling Tjønneland, senior researcher at CMI, focusing on development and development assistance, rising powers and African development

The moderator will be Ilaria Carrozza, PhD candidate at LSE, focusing on Chinese investments in Africa

At the end we will open for questions from the audience. The event is free and open to all!

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