ZIMBABWE faces a risk of failing to carry out the necessary reforms for its debt resolution plans due to a number of hurdles, research firm Fitch Solutions has warned.
The country remains in debt distress with a total consolidated debt of US$17,5 billion of which US$14,04 billion is owed to international creditors, while domestic debt stands at US$3,4 billion.
In 2022, President Emmerson Mnangagwa appointed President of the African Development Bank (AfDB), Akinwumi Adesina, to champion the country’s arrears clearance and debt resolution process.
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Finance Perm Sec George Guvamatanga and Minister Mthuli Ncube
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