{"id":101109,"date":"2024-11-26T23:50:43","date_gmt":"2024-11-26T21:50:43","guid":{"rendered":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/structured-dialogue-the-only-path-to-zimbabwes-arrears-clearance-and-debt-resolution"},"modified":"2024-11-27T02:00:04","modified_gmt":"2024-11-27T00:00:04","slug":"structured-dialogue-the-only-path-to-zimbabwes-arrears-clearance-and-debt-resolution","status":"publish","type":"post","link":"https:\/\/www.africa-press.cc\/zimbabwe\/all-news\/structured-dialogue-the-only-path-to-zimbabwes-arrears-clearance-and-debt-resolution","title":{"rendered":"&#8220;Structured Dialogue The Only Path To Zimbabwe\u2019s Arrears Clearance And Debt Resolution&#8221;"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Zimbabwe. <\/strong><\/span>The president of the African Development Bank (AfDB), Akinwumi Adesina, praised Zimbabwe for making significant progress in addressing its US$21 billion public debt, despite challenges such as sanctions and an El Nino-induced drought.<\/p>\n<p>Zimbabwe\u2019s external debt stands at US$12.3 billion, owed to creditors like the AfDB, World Bank, and European Investment Bank. The country also has a domestic debt of US$8.7 billion.<\/p>\n<p>During his speech at the High-level Structured Dialogue Platform Meeting on Arrears Clearance and Debt Resolution in Harare on Monday, Adesina, who is leading Zimbabwe\u2019s debt clearance efforts, said:<\/p>\n<p>The high-level structured dialogue is the only way, there is no other way. So, we should make it work to deliver the expected end: arrears clearance and debt resolution for Zimbabwe.<\/p>\n<p>That is why the African Development Bank provided US$4,2 million towards facilitating the High-Level structured dialogue.<\/p>\n<p>And we expect to provide additional support because we strongly believe these dialogues are yielding fruits.<\/p>\n<p>According to the AfDB president, Zimbabwe is too important for the world to overlook. He said:<\/p>\n<p>With its vast deposits of critical minerals, including lithium and platinum metals group, Zimbabwe is one of the leading countries that holds the future for global energy transitions.<\/p>\n<p>In a world of geo-political competition and drive for securing vital strategic minerals and metals, we must look at Zimbabwe with new lenses.<\/p>\n<p>Adesina also said Zimbabwe is on track to implement an International Monetary Fund (IMF) Staff Monitoring Programme (SMP), which is crucial for the arrears clearance process.<\/p>\n<p>He said that this is set to take place in January when IMF officials will visit the country.<\/p>\n<p><strong>For More News And Analysis About <span style=\"color: #ff6600\">Zimbabwe<\/span> Follow <span style=\"color: #ff6600\">Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Zimbabwe. The president of the African Development Bank (AfDB), Akinwumi Adesina, praised Zimbabwe for making significant progress in addressing its US$21 billion public debt, despite challenges such as sanctions and an El Nino-induced drought. Zimbabwe\u2019s external debt stands at US$12.3 billion, owed to creditors like the AfDB, World Bank, and European Investment Bank. [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":101108,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,8,35,12,2715],"tags":[803,1471,14028,376,16946,17292,19,15406],"class_list":{"0":"post-101109","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-all-news","8":"category-head-lines","9":"category-homepage-english","10":"category-policy","11":"category-to-homepage","12":"tag-afdb","13":"tag-african-development-bank","14":"tag-akinwumi-adesina","15":"tag-debt","16":"tag-debt-burden","17":"tag-high-level-structured-dialogue-platform-meeting-on-arrears-clearance-and-debt-resolution","18":"tag-zimbabwe","19":"tag-zimbabwe-debt-arrears-clearance"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.1 (Yoast SEO v24.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>&quot;Structured Dialogue The Only Path To Zimbabwe\u2019s Arrears Clearance And Debt Resolution&quot; - 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