zambia debt energy swap
Zambia's Debt-for-Energy Swap Is a World First
The AfDB brokered the world's first debt-for-energy swap: Zambia buys back $1.36B of its 2053 private bonds via a $600M concessional loan, committing ~$275M in interest savings to grid investment over 15 years. Drove Zambia fiscal near 1 to 2.