Zimbabwe has made remarkable strides in implementing reforms necessary for resolving its debt and arrears with the hope of securing a sponsor to provide a bridge loan to “preferred creditors” by the end of next year, a senior Government official has revealed. Finance, Economic Development and Investment Promotion Minister, Professor Mthuli Ncube, in an interview…
ZIMBABWE’S Finance ministry has resumed negotiations with creditors and the international community as Treasury seeks the resolve the country’s nagging debt overhang. With the country remaining in debt distress while borrowing is limited, public debt has continued to increase, driven by external arrears and legacy debt. BERNARD MPOFU Official figures show that despite making token…