In June, Zambia reached what's been described as a landmark debt restructuring deal that for the first time brought together the country's bilateral creditors including China, traditional Paris Club lenders and bondholders.
While the deal is no doubt unprecedented, it also reveals that China was very effective in successful in getting the parties to agree to many of its demands.
Matt Mingey, a senior analyst at the consultancy Rhodium Group, is among the world's foremost experts on Chinese lending and debt issues. He joins Eric & Cobus from Washington, D.C. to discuss whether China is, in fact, setting the agenda for debt restructurings in the Global South.
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Is China Setting the Agenda for Global South Debt Restructuring?