The World Bank has approved a $270 million (£232 million) loan to Zambia to assist it in recovering from the effects of the coronavirus pandemic, the economic impact of the Ukrainian war, and managing its debt crisis.
In late 2020 Zambia became the first African country since the onset of the pandemic to default on its debt.
In August, the International Monetary Fund approved a $1.3bn loan to help Zambia – a major copper producer – restructure its debts.
The president of the World Bank has urged other creditors to help reduce Zambia’s debt.