Zimbabwe has hired advisers to help tackle its $21 billion in defaulted debt, aiming to negotiate with creditors and regain access to international financing.
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Zimbabwe Debt Crisis
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Zimbabwe faces economic scrutiny as secretive payouts from its Sovereign Wealth Fund threaten debt restructuring efforts.
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Finance Minister Mthuli Ncube scrutinized for inconsistent public debt figures at a recent African Development Bank meeting in Nairobi.
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Zimbabwe’s debt crisis deepens as external debt soars to US$12.7 billion, raising questions about parliamentary oversight and fiscal responsibility.