‘Zim’s Arrears, Debt Resolution Process On Course’

President Mnangagwa shares a lighter moment with former Mozambican President Joaquim Chissano (left) and African Development Bank president Dr Akinwumi Adesina after a meeting in Harare yesterday. — Picture Justin Mutenda

Farirai Machivenyika

Senior Reporter

ZIMBABWE’s arrears clearance and debt resolution process is proceeding well, with a meeting between the Government, creditors and development partners set for Harare today. This was said by former Mozambique President Joachim Chissano and African Development Bank president, Dr Akinwumi Adesina, in separate interviews after meeting President Mnangagwa at State House last night. Zimbabwe’s debt clearance process is being championed by Dr Adesina while former President Chissano is the High-Level facilitator. The country’s consolidated debt is US$17,5 billion, with debt owed to international creditors standing at US$14,04 billion, while domestic debt amounts to US$3,4 billion. Debt owed to bilateral creditors is estimated at US$5,75 billion, while debt to multilateral creditors is estimated at US$2,5 billion. ReadMore