Arbeitspapier
How Zambia and China Co-Created a Debt "Tragedy of the Commons"
Zambia's debt difficulties hit headlines in November 2020 when the country defaulted on its Eurobond payments. In August 2021 a new president, Hakainde Hichilema, took office, facing a debt burden that had never been fully transparent to Zambia's public and the world. In this Working Paper, CARI Director Deborah Brautigam analyzes how Chinese creditors, contractors, and Zambian stakeholders failed to take steps to make Zambia's borrowing sustainable. Curious why Zambia was a clear outlier, the author explores the system for project development and loan approval in Zambia and China.
- Language
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Englisch
- Bibliographic citation
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Series: Working Paper ; No. 2021/51
- Classification
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Wirtschaft
- Event
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Geistige Schöpfung
- (who)
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Brautigam, Deborah
- Event
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Veröffentlichung
- (who)
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China Africa Research Initiative (CARI), School of Advanced International Studies (SAIS), Johns Hopkins University
- (where)
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Washington, DC
- (when)
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2021
- Handle
- Last update
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10.03.2025, 11:45 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Brautigam, Deborah
- China Africa Research Initiative (CARI), School of Advanced International Studies (SAIS), Johns Hopkins University
Time of origin
- 2021
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