10.7.2025
18:43
Zimbabwe,
locked
out
of
international
capital
markets
since
defaulting
in
1999,
expects
its
stronger
economy
to
help
it
pay
back
external
creditors,
without
saying
when
this
would
begin.
Finance
Minister Mthuli
Ncube told
reporters
in
the
capital,
Harare,
on
Tuesday
that
the
country’s
debt
as
a
percentage
of
gross
domestic
product
has
declined
to
46%
from
around
60%
thanks
to
better
growth.
“You
can
be
assured
that
given
this
larger
GDP
base
this
creates
more
opportunity
and
capacity
for
us
to
start
servicing
our
external
debt,”
he
said,
without
providing
a
time-frame.
“The
economy
has
grown
to
a
point
where
it
can
allow
us
to
begin
servicing
our
debts
sustainably.”
Zimbabwe
wants
to
restructure
its
$21
billion
debt,
of
which
around
$12.3
billion
is
owed
to
external
creditors
including
the
World
Bank,
African
Development
Bank
and
the
European
Investment
Bank.
Post
published
in:
Business