- January 4, 2019
- Posted by: Josephine
- Categories: debt management, Uncategorized
No Comments
Zimbabwe has been accumulating external debt arrears since 2000, leading suspension of financial support by all multilateral and traditional bilateral creditors. The prolonged accumulation of arrears has negatively impacted the country’s credit worthiness and economic performance.
The existing outstanding arrears to multilateral development institutions make it impossible for Government to access concessional finance.
As at end September 2018, debt service arrears were estimated at 80% of the total external debt stock of US$9. 625 billion.
