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And zambia has been seen by many as a test case for how well the common framework works. But despite protracted negotiations, the zambia Debt Relief Deal has collapsed, raising doubts about the workability of the common framework. Zambias president hakainde hichilema, who inherited a huge Debt Overhang when he was elected in 2021 has been spearheading efforts to get the countrys economy back on track. I spoke to the zambian president in an exclusive interview and began by asking him about the economy. I think we did our part as a country in terms of meeting our obligations. We did that well ahead of time. Now it is for the other part of the stick to come on board. The bilateral creditors, i think we are doing reasonably well. Delayed . Yes, it was delayed. But the private creditors, we now need to close and put this to bed so that it can create the headroom we needed, we ant ....
Through the us legal system and of course in china as well. I think what it means also is that amongst all of the various imbalances in the economy in china right now, the property sector might be the weight on the economy that lasts the longest simply because it is going to be such a slow slog in terms of restructuring of this debt. We have seen pictures of unfinished buildings, families and even sometimes having to squat in those buildings because they cannot afford to pay the rent and pay their mortgage on these properties. What can china do to try to boost this up . Somehow the key to this issue right now is to complete Unfinished Projects because this will at least keep some of the financing flowing. As you mentioned, the many, many projects are presold and the households that buy those properties they make Mortgage Payments even if they are not able to take deli ....