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Zimbabwe has concluded a fourth Structured Dialogue Platform meeting on debt clearance with creditors and development partners. President Emmerson Mnangagwa of #Zimbabwe, Akinwumi Adesina, President of the African Development Bank, Joaquim A. Chissano, former President of #Mozambique, Constantino G. D. N. Chiwenga, Vice President of Zimbabwe, government ministers, development partners and creditors all attended.
Progress updates on three draft policy reform matrices prepared by sector working groups on economic, governance and land tenure reforms were delivered at the meeting.
In welcome remarks, Finance and Economic Development Minister Mthuli Ncube assured participants of the country’s “full commitment and ownership to the process.” Ncube also encouraged stakeholders to continue with “constructive and candid dialogue, which is critical to building mutual trust and confidence needed for the success of the arrears clearance and debt resolution process.”
In December 2022, the Zimbabwean government established the platform with creditors and development partners to institutionalize structured dialogue on economic and governance reforms to underpin the arrears clearance and debt resolution process.
The debt clearance process is being championed by Adesina and Chissano.
Zimbabwe’s total consolidated debt stands at $17.5 billion. The country is in arrears for failing to service its debt owed to multilateral development banks, including the African Development Bank, the World Bank and the European Investment Bank.
