#Zambia FX reserves in decline since Aug 2017 as external debt payments are more-often-than-not now larger than FX inflows. External debt service up 90% in 2019. Can't see a way out of debt challenges without some combo of IMF program $ / China loan reprofiling / PBOC credit line pic.twitter.com/eQaeNsqFOu
— Gregory Smith (@emsovdebt) April 30, 2019