Advertisements
Home » Expedite debt clearance strategy: Business

Expedite debt clearance strategy: Business

0 comments

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.

Advertisements

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 overhang.

Subscribe to The Financial Gazette

This is premium content. Subscribe to read article.

Subscribe Today

Gain access to all articles. Subscribe Today.
Advertisements

Related Posts

Leave a Comment

Advertisements

The Financial Gazette It is southern Africa’s leading business and political newspaper well known for its in-depth and authoritative reportage anchored on providing timely, accurate, fair and balanced news.

Newsletters

Subscribe to The Financial Gazette newsletter for financial & business news worth reading. Let's stay updated!

©2024 The Financial Gazette. A Media Company – All Right Reserved. Designed and Developed by Innovura
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More