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Home » Business pushes for external debt resolution

Business pushes for external debt resolution

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THE Zimbabwe National Chamber of Commerce (ZNCC) has renewed calls for the government to speed up the Arrears Clearance, Debt Relief and Restructuring strategy (ACDRR) to enable the country to access new lines of credit.

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The ACDRR strategy outlines and explores possible debt resolution options under the Heavily Indebted Poor Countries (HIPC) Initiative and non-HIPC initiative scenarios. It hinges on the continued strengthening of cooperation with international financial institutions (IFIs), comprehensive economic and governance reforms, negotiating for arrears clearance, debt relief and restructuring with the IFIs, Paris Club creditors and non-Paris Club creditors.

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