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the fourth-longest river in Africa and the largest flowing into the Indian Ocean from Africa.
Zambia is formerly called Northern Rhodesian as an integral part of Cecil Rhodes’ Cape to Cairo
Vision. Its a home of the spectacular and majestic Victoria Falls also known as ‘’Mosi-o-Tunya’’
(The smoke that thunders), one of the Seven Natural Wonders of the World and the largest water
falls in the world surpassing the magnificent Niagara and Iguazu Falls. The falls offers you a
breath taking views that are almost too spectacular and stunning to describe.
The country is currently battling with external debt which has kept increasing to US$10.23 and
domestic debt to US$ 4.62 billion as at June 2019.The external debt servicing cost has also gone
up to US$759 million in 2018.The four main external debt categories are Multilateral, Bilateral,
Export and Supplier credit and Commercial debt of which Commercial debt is at 53 % which is
the country’s biggest headache. Eurobonds account for 57% of the commercial debt and its first
maturity will be in 2022 after Population census in 2020 and general election in 2021.(ZIPAR
2019)