Articles tagged 'domestic debt'

'High domestic debt stifles economic growth' 3 November 2018 HARARE - The financing of a budget deficit predominantly through domestic debt, such as has been the case in Zimbabwe, leads to low economic growth rates, as well as subdued investment and entrepreneurial activities, Oswald Mungule, a policy analyst, has said. Treasury says the country’s domes...
IMF may extend Zim programme 10 July 2014 HARARE - The International Monetary Fund (IMF) is likely to extend Zimbabwe’s Staff Monitored Programme (SMP) deadline for the second time as the country has missed a number of targets due to a deteriorating economy. This comes as in January, the global financier extended the programme by six ...
Debt overhang hinders growth prospects 6 July 2014 HARARE - Zimbabwe’s failure to service its principal debt has resulted in the worsening economic situation in the country, economic experts say. The experts contend that the country’s debt, which recently ballooned to $9,9 billion has dented Zimbabwe’s access to international funding and is ha...
Zim debt balloons 4 July 2014 HARARE - Zimbabwe's principal debt has ballooned by nearly 40 percent from $6,1 billion last year to $9,9 billion, Finance minister Patrick Chinamasa has said. The lawyer-cum-politician yesterday said the country's total external debt stood at $8,9 billion as at December 31, 2013, which is 69 ...
Govt engages creditors over debt 30 December 2013 HARARE - Cash strapped Zimbabwe government is negotiating with external creditors over its gigantic debt but has ruled out its swift clearance owing to serious economic challenges. Zimbabwe’s external debt is estimated to be $6,1 billion. “We are negotiating with creditors and the developme...