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From bad DAs to new shambolic loans?

A new Norwegian NGOs report on the Zambia – China Relations paints a bleak picture of Zambia's weak external debt control mechanisms. According to the report, loan contracts between China and Zambia are not open to public scrutiny, leaving a lot of power in the hands of the President. The new post-HIPC loans are often made at the highest political level, and because of the lack of transparency the agreements are not available to parliament, civil society or media….(read more)