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Thursday, July 18, 2024

Zimbabwe commits to continued dialogue on debt resolution process

Story by Stanley James, Business Editor

Zimbabwe has reiterated its commitment to continuous dialogue with creditors over arrears clearance and the debt resolution process.                   

A fourth structured dialogue platform meeting involving government, private sector, development agencies and creditors was held in Harare this Thursday to review efforts being made by Zimbabwe in settling external debts.                     

Finance and Economic Development Minister, Professor Mthuli Ncube highlighted the importance of debt resolution engagements as the country seeks to clear the over US$14 billion it owes multilateral financial institutions.     

“I am happy to announce that all the three matrices agreed upon with the development partners following widespread consultations so that the three matrices can be signed off and endorsed by the government,” said Honourable Ncube.               

Authorities also revealed that the dialogue will set the tone for restoring creditors’ confidence in Zimbabwe.              

“This fourth structured dialogue platform meeting is not the end in fact we will continue to dialoguing and another high-level meeting will be held on Monday next week,” the Minister went on.                

As part of the debt clearance strategy, Zimbabwe is also engaging development partners on technical expertise and modalities to mend ties with multilateral financial institutions being owed money by the Government.                            

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