Zimbabwe negotiates framework to clear debt arrears
By the AFREEQUE newsroom, based on Daily News (Zimbabwe)
The Zimbabwean government is stepping up negotiations with international creditors to establish a sustainable framework for clearing arrears and regain access to affordable financing. Finance Minister Mthuli Ncube says restructuring some debts has progressed, according to the Daily News.
The Zimbabwean government is stepping up negotiations with its international creditors to establish a sustainable framework for clearing debt arrears and restoring access to affordable financing, Finance Minister Mthuli Ncube said, according to the Daily News.
Progress has been made in restructuring some of the debt, while Harare seeks to reach similar arrangements with other creditors, the minister said. Mthuli Ncube was reassigned to the Finance Ministry by President Emmerson Mnangagwa on 8 October, before the government set a target of a balanced budget by 2027 on 28 October. Mthuli Ncube’s reassignment to Finance and the target of a balanced budget by 2027 frame these debt negotiations.
