LUSAKA, Dec. 26 (Xinhua) -- Zambia and Saudi Arabia signed a debt restructuring agreement on Thursday to reschedule part of Zambia's debt owed to the Arab nation.

The agreement was signed by Zambian Minister of Finance and National Planning Situmbeko Musokotwane and Chief Executive Officer of the Saudi Fund for Development Sultan bin Abdulrahman Al-Marshad, during a ceremony in Lusaka, the Zambian capital.