Reuters and Financial Post quote Eric LeCompte on Zambia's request to restructure its debt under the G20's new common framework. Read an excerpt below, and click here for the full story.

Zambia seeks debt restructuring under G20 common framework

By Joe Bavier

But some have accused private creditors of not doing their bit in debt relief efforts. World Bank chief David Malpass criticized them for hitching a “free ride” on DSSI relief.

“As the G20 works out this process, it’s essential that they compel the private sector to participate,” said Eric LeCompte of Jubilee USA, which lobbies for debt relief for poor nations.

Zambia’s $3 billion in outstanding Eurobonds is not its only debt. It owes $3.5 billion in bilateral debt, $2.1 billion to multilaterals and $2.9 billion to other commercial lenders.

 

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