BUSINESS says Finance minister Mthuli Ncube must speed-up the Arrears Clearance, Debt Relief and Restructuring Strategy (ACDRR) to enable the country to access new lines of credit to boost industry and the economy.
This comes as the country’s domestic and foreign debt stood at Z$1,3 trillion and US$13,2 billion respectively as at June 30, 2022, according to Ncube’s mid-term budget review presented a fortnight ago.
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Zimbabwe owes huge sums of money to a number of multilateral organisations, with Ncube recently stating that the country requires about US$140 million annually to extricate itself from the huge debt ov
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