Zambia: Good cop (investment) vs. bad cop (debt)


​Slippery slope

Zambia is the 6th largest copper exporter in the world with 3.3% of the global market. As a result it was hit by the metal price crisis, when overconsumption in China has put the sector under scrutiny.


Yet evidence of oversupply is less striking than for other commodities (iron ore, steel). Thus, while Zambia experiences vulnerabilities, these are less extreme than for some oil or iron ore exporters.