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This report discusses Zambia’s macroeconomic and fiscal landscape leading up to the debt distress, to better understand the conditions that gave rise to the 2020 sovereign default. The report also recounts the 20 years leading to this economically treacherous and costly process.

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Institute of Policy Analysis and Research (ZIPAR)

Zambia Institute of Policy Analysis and Research (ZIPAR)

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The Road to Zambia’s 2020 Sovereign Debt Default