• Latest
  • Trending
  • All
  • Politics
  • Economy
  • Security
  • Education
  • Sports
  • Health
  • Entertainment
  • Legal
  • Technology and Science
  • Opinion
  • Columns
  • Exposé
  • World
  • Lifestyle
US Treasury Secretary

US Says China A Barrier Against Resolution Of Zambia’s Debt Crisis

2 years ago
Nigeria: Former First Lady Says Husband Never Stole Funds Recovered In Famous “Abacha Loot”

Nigeria: Former First Lady Says Husband Never Stole Funds Recovered In Famous “Abacha Loot”

9 hours ago
SA Wants Return of Citizens’ Bodies Who Died During Apartheid, Colonial-Era

SA Wants Return of Citizens’ Bodies Who Died During Apartheid, Colonial-Era

13 hours ago
Cameroon: Police Lay Siege At Opposition Leader’s Home

Cameroon: Police Lay Siege At Opposition Leader’s Home

13 hours ago
Fan Confirmed Dead During UEFA Nations League Final

Fan Confirmed Dead During UEFA Nations League Final

13 hours ago
JUST IN: Yamal Fires Blank As Portugal Pip Spain To Win UEFA Nation League

JUST IN: Yamal Fires Blank As Portugal Pip Spain To Win UEFA Nation League

1 day ago
Tuesday, June 10, 2025
  • About
  • Privacy Policy
Heritage Times
No Result
View All Result
Translate |
  • Login
  • Politics
    Cameroon: Police Lay Siege At Opposition Leader’s Home

    Cameroon: Police Lay Siege At Opposition Leader’s Home

    At Tanzania Summit, African Leaders Call For End To DRC Conflict

    Rwanda Exits Central African Regional Bloc Over Row With DRC

    SA: Top Official Of Jacob Zuma’s Party Sacked After Visiting Malawian Pastor Accused Of Fraud

    SA: Top Official Of Jacob Zuma’s Party Sacked After Visiting Malawian Pastor Accused Of Fraud

    Mongolia: After Weeks Of Demonstrations Over Family Lavish Lifestyles, PM Resigns

    Mongolia: After Weeks Of Demonstrations Over Family Lavish Lifestyles, PM Resigns

    Poland: Conservative Opposition Candidate Wins Presidential Election In Tight Race

    Poland: Conservative Opposition Candidate Wins Presidential Election In Tight Race

    Sudan’s New Prime Minister Disbands Caretaker Government

    Sudan’s New Prime Minister Disbands Caretaker Government

    Ivory Coast: Opposition Coalition Insists On Electoral Reforms Ahead Of Polls

    Ivory Coast: Opposition Coalition Insists On Electoral Reforms Ahead Of Polls

    Tanzania: Lawyers Seek UN Intervention Over Detention Of Opposition Leader

    Heritage Times Congratulates Dr. Sidi Ould Tah As President-Elect Of AfDB 

  • Economy
    Elon Musk Loses $34 Billion Amid Clash With Trump

    Elon Musk Loses $34 Billion Amid Clash With Trump

    World Bank Seeks Stronger, Results-Focused Partnerships For Africa’s Development

    World Bank Seeks Stronger, Results-Focused Partnerships For Africa’s Development

    Uganda: Museveni Holds Talks With Elon Musk’s Starlink Executive

    World Bank Lifts Loan Restriction Placed On Uganda Over Anti-Gay Legislation

    Senegal Moves To Reduce Reliance On Foreign Lenders, Targets Improved IGR

    Senegal Moves To Reduce Reliance On Foreign Lenders, Targets Improved IGR

    South Africa's Economy Stalls With 0.1% Growth As Structural Challenges Persist

    South Africa’s Economy Stalls With 0.1% Growth As Structural Challenges Persist

    UK Civil Servants Who Used AI Saved Two Weeks A Year, Study Shows

    UK Civil Servants Who Used AI Saved Two Weeks A Year, Study Shows

    Nigerian Govt Warns Popular Car Dealer Against Mocking Civil Servants’ Ability To Afford Luxury Cars

    Nigerian Govt Warns Popular Car Dealer Against Mocking Civil Servants’ Ability To Afford Luxury Cars

    Gabon: Former Coup Leader Sworn In As President

    Gabon To End Export Of Manganese By 2029, Import Of Chicken 2027

    Trump’s Tariffs Stay Active Following Appeals Court Ruling

    Trump’s Tariffs Stay Active Following Appeals Court Ruling

  • Security
  • Education
  • Sports
  • Health
  • Metro
  • Entertainment
  • Lifestyle
  • Legal
  • Tech & Science
  • Opinion
  • Exposé
  • Exclusive Videos
  • Niger Delta
  • World
  • Politics
    Cameroon: Police Lay Siege At Opposition Leader’s Home

    Cameroon: Police Lay Siege At Opposition Leader’s Home

    At Tanzania Summit, African Leaders Call For End To DRC Conflict

    Rwanda Exits Central African Regional Bloc Over Row With DRC

    SA: Top Official Of Jacob Zuma’s Party Sacked After Visiting Malawian Pastor Accused Of Fraud

    SA: Top Official Of Jacob Zuma’s Party Sacked After Visiting Malawian Pastor Accused Of Fraud

    Mongolia: After Weeks Of Demonstrations Over Family Lavish Lifestyles, PM Resigns

    Mongolia: After Weeks Of Demonstrations Over Family Lavish Lifestyles, PM Resigns

    Poland: Conservative Opposition Candidate Wins Presidential Election In Tight Race

    Poland: Conservative Opposition Candidate Wins Presidential Election In Tight Race

    Sudan’s New Prime Minister Disbands Caretaker Government

    Sudan’s New Prime Minister Disbands Caretaker Government

    Ivory Coast: Opposition Coalition Insists On Electoral Reforms Ahead Of Polls

    Ivory Coast: Opposition Coalition Insists On Electoral Reforms Ahead Of Polls

    Tanzania: Lawyers Seek UN Intervention Over Detention Of Opposition Leader

    Heritage Times Congratulates Dr. Sidi Ould Tah As President-Elect Of AfDB 

  • Economy
    Elon Musk Loses $34 Billion Amid Clash With Trump

    Elon Musk Loses $34 Billion Amid Clash With Trump

    World Bank Seeks Stronger, Results-Focused Partnerships For Africa’s Development

    World Bank Seeks Stronger, Results-Focused Partnerships For Africa’s Development

    Uganda: Museveni Holds Talks With Elon Musk’s Starlink Executive

    World Bank Lifts Loan Restriction Placed On Uganda Over Anti-Gay Legislation

    Senegal Moves To Reduce Reliance On Foreign Lenders, Targets Improved IGR

    Senegal Moves To Reduce Reliance On Foreign Lenders, Targets Improved IGR

    South Africa's Economy Stalls With 0.1% Growth As Structural Challenges Persist

    South Africa’s Economy Stalls With 0.1% Growth As Structural Challenges Persist

    UK Civil Servants Who Used AI Saved Two Weeks A Year, Study Shows

    UK Civil Servants Who Used AI Saved Two Weeks A Year, Study Shows

    Nigerian Govt Warns Popular Car Dealer Against Mocking Civil Servants’ Ability To Afford Luxury Cars

    Nigerian Govt Warns Popular Car Dealer Against Mocking Civil Servants’ Ability To Afford Luxury Cars

    Gabon: Former Coup Leader Sworn In As President

    Gabon To End Export Of Manganese By 2029, Import Of Chicken 2027

    Trump’s Tariffs Stay Active Following Appeals Court Ruling

    Trump’s Tariffs Stay Active Following Appeals Court Ruling

  • Security
  • Education
  • Sports
  • Health
  • Metro
  • Entertainment
  • Lifestyle
  • Legal
  • Tech & Science
  • Opinion
  • Exposé
  • Exclusive Videos
  • Niger Delta
  • World
No Result
View All Result
First with the News

US Says China A Barrier Against Resolution Of Zambia’s Debt Crisis

January 24, 2023
in Top Stories, World
0
US Treasury Secretary

US Treasury Secretary

0
VIEWS
Share on FacebookShare on TwitterShare on Whatsapp

By Enyichukwu Enemanna

US Treasury Secretary, Janet Yellen has said debt overhang is a drag on the whole economy of Zambia, saying it is critically important to resolve the debt crisis to make progress.

Relatedreading

Nigeria: Former First Lady Says Husband Never Stole Funds Recovered In Famous “Abacha Loot”

SA Wants Return of Citizens’ Bodies Who Died During Apartheid, Colonial-Era

Speaking Monday during a visit to the east african country, Hellen accused China, Zambia’s key creditor, of frustrating efforts towards the debt problem resolution.

She expressed optimism that progress could be made in coming days, following her meeting with Chinese officials in Zurich last week.

She said, “I specifically raised the issue with Zambia (with Chinese officials) and asked for their cooperation in trying to reach a speedy resolution and our talks were constructive.

She told the Zambian Finance Minister Situmbeko Musokotwane, that the timely finalisation of Zambia’s debt treatment was a top priority for the treasury.

“We will continue to press for all official bilateral and private-sector creditors to meaningfully participate in debt relief for Zambia, especially China,” added Hellen.

Yellen said she was keen to continue talks with Musokotwane and other Zambian officials about the country’s “impressive progress” on economic reforms, and how regional economic integration and deepening trade ties could support the country’s growth.

Earlier in his bilateral meeting, Zambian Finance Minister underlined that the debt restructuring process has been moving slowly, wih its outcome not certain.

While urging global leaders to restructure the debt process forward, he said it was needed to create conditions conducive to investments and to reduce pressure on Zambians to migrate.

During a meeting with President Hakainde Hichilema who took charge in August 2021, Yellen told the Zambian leader a debt treatment deal under the Common Framework was “overdue”.

A senior Treasury official, speaking on condition of anonymity, said US officials believed progress was possible soon given intensified discussions with China.

According to the official, Beijing’s insistence that local debt owned by foreign investors be included, and that multilateral development banks also take a haircut have been rejected by the United States, Zambia and other countries.

Meanwhile, Yellen told reporters it was important for Zambia to address corruption and human rights, and to create a business environment that would promote investment and trade.

She lauded Hichilema for making the fight against corruption an important part of his agenda.

“It’s something that needs continued focus. I would say the work isn’t done, but there clearly has been an important focus on it,” she said.

Tags: breakingHeritageheritage timesheritagetimesmedialatestnewsthe heritage timesthtthtafricatop stories
ShareTweetSend
Previous Post

Nigeria: Sightsavers Marks Int’l Day of Education

Next Post

5 Things You Should Know As Nigeria Opens Billion-Dollar Lekki Deep Seaport

Related Posts

Nigeria: Former First Lady Says Husband Never Stole Funds Recovered In Famous “Abacha Loot”

Nigeria: Former First Lady Says Husband Never Stole Funds Recovered In Famous “Abacha Loot”

June 9, 2025
SA Wants Return of Citizens’ Bodies Who Died During Apartheid, Colonial-Era

SA Wants Return of Citizens’ Bodies Who Died During Apartheid, Colonial-Era

June 9, 2025

Cameroon: Police Lay Siege At Opposition Leader’s Home

Fan Confirmed Dead During UEFA Nations League Final

JUST IN: Yamal Fires Blank As Portugal Pip Spain To Win UEFA Nation League

A New Dawn for Rivers State

Next Post
5 Things You Should Know As Nigeria Opens Billion-Dollar Lekki Deep Seaport

5 Things You Should Know As Nigeria Opens Billion-Dollar Lekki Deep Seaport

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

AfriHeritage Magazine Issue 2 AfriHeritage Magazine Issue 2 AfriHeritage Magazine Issue 2

Updates

Plugin Install : Widget Tab Post needs JNews - View Counter to be installed
  • Trending
  • Comments
  • Latest
Nigeria: Former First Lady Says Husband Never Stole Funds Recovered In Famous “Abacha Loot”

Nigeria: Former First Lady Says Husband Never Stole Funds Recovered In Famous “Abacha Loot”

June 9, 2025
SA Wants Return of Citizens’ Bodies Who Died During Apartheid, Colonial-Era

SA Wants Return of Citizens’ Bodies Who Died During Apartheid, Colonial-Era

June 9, 2025
Cameroon: Police Lay Siege At Opposition Leader’s Home

Cameroon: Police Lay Siege At Opposition Leader’s Home

June 9, 2025
Fan Confirmed Dead During UEFA Nations League Final

Fan Confirmed Dead During UEFA Nations League Final

June 9, 2025
JESIN GAMES - AfriTrivia JESIN GAMES - AfriTrivia JESIN GAMES - AfriTrivia
ADVERTISEMENT

Most Recent

Nigeria: Former First Lady Says Husband Never Stole Funds Recovered In Famous “Abacha Loot”

June 9, 2025

SA Wants Return of Citizens’ Bodies Who Died During Apartheid, Colonial-Era

June 9, 2025

Cameroon: Police Lay Siege At Opposition Leader’s Home

June 9, 2025

Fan Confirmed Dead During UEFA Nations League Final

June 9, 2025

JUST IN: Yamal Fires Blank As Portugal Pip Spain To Win UEFA Nation League

June 8, 2025

A New Dawn for Rivers State

June 8, 2025

Again, Osimhen Turns Down Al-Hilal Offer

June 8, 2025

South Africa Braces For Severe Winter Storm, Govt Issues Nationwide Alert

June 8, 2025

About

Heritage Times HT stands as a beacon of pan-African journalism, dedicated to amplyfing the rich tapestry of voices and narratives across the continent. With unwavering commitment, we illuminate the evocative essence of Africa, offering a fresh perspective that captivates our global audience.

Featured

AfDB Set For A New President, As Ould Tah Gains Continental Endorsement

How Dangote Is Turning Trump’s Trade War Into Africa’s Opportunity

Nigeria @ 64: Meet Young Luminaries Leading Social Transformation

Connect

Connect with us on social media and receive timely updates on the go.

Get Updates

  • About
  • Privacy Policy

© 2024 Heritage Times (HT) Media.

No Result
View All Result
  • Welcome
  • Politics
  • Economy
  • Security
  • Exposé
  • Education
  • Sports
  • Health
  • Entertainment
  • Legal
  • Technology and Science
  • Columns
    • Opinion
  • World
  • __________________
  • Make a Donation
  • Photo Speaks
  • Videos
  • You-Report
  • Whistleblower
  • Advertise
  • HT Events
  • About HT
  • Contact us

© 2024 Heritage Times (HT) Media.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In