Zimbabwe Debt Crisis

The World Bank says Zimbabwe can clear its $21 billion debt through bold fiscal reforms, stabilizing inflation, and strengthening economic policies.

Zimbabwe has hired advisers to help tackle its $21 billion in defaulted debt, aiming to negotiate with creditors and regain access to international financing.

Zimbabwe faces economic scrutiny as secretive payouts from its Sovereign Wealth Fund threaten debt restructuring efforts.

Finance Minister Mthuli Ncube scrutinized for inconsistent public debt figures at a recent African Development Bank meeting in Nairobi.

Zimbabwe’s debt crisis deepens as external debt soars to US$12.7 billion, raising questions about parliamentary oversight and fiscal responsibility.