#copperbelt

Zambia: A Financial History — From the Copperbelt to the Debt Default and the IMF Restructuring

This article explores Zambia's financial history, tracing its path from British colonial extraction on the Copperbelt through Kenneth Kaunda's socialist nationalization, free-market privatization, and the debt-fueled infrastructure boom. It details the 2020 sovereign debt default and the long IMF-backed restructuring process under the G20 Common Framework.