Economists accuse bondholders of standing to make huge profits at the expense of the crisis-hit country
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Much like Sri Lanka has had a well-publicised economic crisis, Zambia too seems to be on the brink of economic collapse and there are calls for international lenders to write-off some of their loans.
Such debt relief would buy the country time to try and get its house in order, although with private investors holding nearly 50% of all debt, there are worries that they won't agree to this. As a result, there may well be some form of debt restructuring, otherwise the economy's development will stall.