{"id":50424,"date":"2021-11-27T17:41:50","date_gmt":"2021-11-27T15:41:50","guid":{"rendered":"https:\/\/www.africa-press.net\/zimbabwe\/?p=50424"},"modified":"2021-11-27T17:33:01","modified_gmt":"2021-11-27T15:33:01","slug":"zimbabwe-to-borrow-us1-4-billion-in-2022-to-fund-various-projects","status":"publish","type":"post","link":"https:\/\/www.africa-press.cc\/zimbabwe\/all-news\/zimbabwe-to-borrow-us1-4-billion-in-2022-to-fund-various-projects","title":{"rendered":"Zimbabwe To Borrow US$1.4 Billion In 2022 To Fund Various Projects"},"content":{"rendered":"

Africa-Press – Zimbabwe. <\/strong><\/span>The government of Zimbabwe has announced a plan to borrow ZW$146.8 billion (about US$1.4 billion) in 2022 to fund various infrastructure development projects.<\/p>\n

This debt would add to the existing stock of US$13.7 billion, according to a paper on debt trends released Thursday.<\/p>\n

Finance minister Mthuli Ncube said the debt will be sourced through the issuance of government securities, utilisation of the International Monetary Fund Special Drawing Rights (SDRs) allocation and external loan disbursements.<\/p>\n

The IMF SDRs were received in August as part of a big global package announced to stabilise the global economy in the aftermath of the COVID-19 pandemic.<\/p>\n

The statement on public debt was presented to Parliament Thursday along with the 2022 national budget. Ncube said:<\/p>\n

On domestic borrowing, government will continue to issue Treasury Bills through the auction system for competitive pricing, as well as to improve accountability and transparency. The projected stable macroeconomic environment, characterised by low stable inflation, as well as, stable exchange rate is expected to spur the uptake of medium to long-term government securities by investors.<\/p>\n

As part of deficit financing, the government will issue seven-year USD denominated Treasury bonds of up to US$100 million, to be listed on the Victoria Falls Securities Exchange (VFEX) during the first quarter of 2022, earmarked for specific priority infrastructure projects.<\/p>\n

Government borrowing has in the past attracted criticism from stakeholders including the Zimbabwe Coalition on Debt and Development (ZIMCODD).<\/p>\n

ZIMCODD argues that the huge chunk of the country\u2019s debt is due to corruption which goes unpunished.<\/p>\n

More: The Independent<\/p>\n

For More News And Analysis About Zimbabwe<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Zimbabwe. The government of Zimbabwe has announced a plan to borrow ZW$146.8 billion (about US$1.4 billion) in 2022 to fund various infrastructure development projects. This debt would add to the existing stock of US$13.7 billion, according to a paper on debt trends released Thursday. Finance minister Mthuli Ncube said the debt will be […]<\/p>\n","protected":false},"author":84,"featured_media":50423,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,6,35,15],"tags":[1493,2189,4791,5994,7334,19,6982],"class_list":{"0":"post-50424","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-all-news","8":"category-economy","9":"category-homepage-english","10":"category-twitter","11":"tag-africa-press","12":"tag-africa-press-zimbabwe-2","13":"tag-international-monetary-fund-imf","14":"tag-professor-mthuli-ncube","15":"tag-victoria-falls-securities-exchange-vfex","16":"tag-zimbabwe","17":"tag-zimbabwe-coalition-on-debt-and-development-zimcodd"},"yoast_head":"\nZimbabwe To Borrow US$1.4 Billion In 2022 To Fund Various Projects - zimbabwe<\/title>\n<meta name=\"description\" content=\"The government of Zimbabwe has announced a plan to borrow ZW$146.8 billion (about US$1.4 billion) in 2022 to fund variou ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zimbabwe-to-borrow-us1-4-billion-in-2022-to-fund-various-projects\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Zimbabwe To Borrow US$1.4 Billion In 2022 To Fund Various Projects\" \/>\n<meta property=\"og:description\" content=\"The government of Zimbabwe has announced a plan to borrow ZW$146.8 billion (about US$1.4 billion) in 2022 to fund variou ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zimbabwe-to-borrow-us1-4-billion-in-2022-to-fund-various-projects\" \/>\n<meta property=\"og:site_name\" content=\"zimbabwe\" \/>\n<meta property=\"article:published_time\" content=\"2021-11-27T15:41:50+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-11-27T15:33:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2021\/11\/img-61a24f956a76a.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"440\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zimbabwe-to-borrow-us1-4-billion-in-2022-to-fund-various-projects\",\"url\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zimbabwe-to-borrow-us1-4-billion-in-2022-to-fund-various-projects\",\"name\":\"Zimbabwe To Borrow US$1.4 Billion In 2022 To Fund Various Projects - zimbabwe\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zimbabwe-to-borrow-us1-4-billion-in-2022-to-fund-various-projects#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zimbabwe-to-borrow-us1-4-billion-in-2022-to-fund-various-projects#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2021\/11\/img-61a24f956a76a.jpg\",\"datePublished\":\"2021-11-27T15:41:50+00:00\",\"dateModified\":\"2021-11-27T15:33:01+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/#\/schema\/person\/2e02b5816e71b1149d79877f669a85e4\"},\"description\":\"The government of Zimbabwe has announced a plan to borrow ZW$146.8 billion (about US$1.4 billion) in 2022 to fund variou ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zimbabwe-to-borrow-us1-4-billion-in-2022-to-fund-various-projects#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zimbabwe-to-borrow-us1-4-billion-in-2022-to-fund-various-projects\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zimbabwe-to-borrow-us1-4-billion-in-2022-to-fund-various-projects#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2021\/11\/img-61a24f956a76a.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2021\/11\/img-61a24f956a76a.jpg\",\"width\":720,\"height\":440,\"caption\":\"Zimbabwe To Borrow US$1.4 Billion In 2022 To Fund Various Projects\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zimbabwe-to-borrow-us1-4-billion-in-2022-to-fund-various-projects#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.cc\/zimbabwe\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Zimbabwe To Borrow US$1.4 Billion In 2022 To Fund Various Projects\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/#website\",\"url\":\"https:\/\/www.africa-press.net\/zimbabwe\/\",\"name\":\"zimbabwe\",\"description\":\"\u0623\u062e\u0628\u0627\u0631 \u064a\u0648\u0645\u064a\u0629 \u0639\u0644\u0649 \u0645\u062f\u0627\u0631 \u0627\u0644\u0633\u0627\u0639\u0629\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/zimbabwe\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/#\/schema\/person\/2e02b5816e71b1149d79877f669a85e4\",\"name\":\"cfeditoren\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Zimbabwe To Borrow US$1.4 Billion In 2022 To Fund Various Projects - zimbabwe","description":"The government of Zimbabwe has announced a plan to borrow ZW$146.8 billion (about US$1.4 billion) in 2022 to fund variou ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zimbabwe-to-borrow-us1-4-billion-in-2022-to-fund-various-projects","og_locale":"en_US","og_type":"article","og_title":"Zimbabwe To Borrow US$1.4 Billion In 2022 To Fund Various Projects","og_description":"The government of Zimbabwe has announced a plan to borrow ZW$146.8 billion (about US$1.4 billion) in 2022 to fund variou ...","og_url":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zimbabwe-to-borrow-us1-4-billion-in-2022-to-fund-various-projects","og_site_name":"zimbabwe","article_published_time":"2021-11-27T15:41:50+00:00","article_modified_time":"2021-11-27T15:33:01+00:00","og_image":[{"width":720,"height":440,"url":"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2021\/11\/img-61a24f956a76a.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zimbabwe-to-borrow-us1-4-billion-in-2022-to-fund-various-projects","url":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zimbabwe-to-borrow-us1-4-billion-in-2022-to-fund-various-projects","name":"Zimbabwe To Borrow US$1.4 Billion In 2022 To Fund Various Projects - zimbabwe","isPartOf":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zimbabwe-to-borrow-us1-4-billion-in-2022-to-fund-various-projects#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zimbabwe-to-borrow-us1-4-billion-in-2022-to-fund-various-projects#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2021\/11\/img-61a24f956a76a.jpg","datePublished":"2021-11-27T15:41:50+00:00","dateModified":"2021-11-27T15:33:01+00:00","author":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/#\/schema\/person\/2e02b5816e71b1149d79877f669a85e4"},"description":"The government of Zimbabwe has announced a plan to borrow ZW$146.8 billion (about US$1.4 billion) in 2022 to fund variou ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zimbabwe-to-borrow-us1-4-billion-in-2022-to-fund-various-projects#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zimbabwe-to-borrow-us1-4-billion-in-2022-to-fund-various-projects"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zimbabwe-to-borrow-us1-4-billion-in-2022-to-fund-various-projects#primaryimage","url":"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2021\/11\/img-61a24f956a76a.jpg","contentUrl":"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2021\/11\/img-61a24f956a76a.jpg","width":720,"height":440,"caption":"Zimbabwe To Borrow US$1.4 Billion In 2022 To Fund Various Projects"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zimbabwe-to-borrow-us1-4-billion-in-2022-to-fund-various-projects#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.cc\/zimbabwe\/"},{"@type":"ListItem","position":2,"name":"Zimbabwe To Borrow US$1.4 Billion In 2022 To Fund Various Projects"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/zimbabwe\/#website","url":"https:\/\/www.africa-press.net\/zimbabwe\/","name":"zimbabwe","description":"\u0623\u062e\u0628\u0627\u0631 \u064a\u0648\u0645\u064a\u0629 \u0639\u0644\u0649 \u0645\u062f\u0627\u0631 \u0627\u0644\u0633\u0627\u0639\u0629","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/zimbabwe\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/zimbabwe\/#\/schema\/person\/2e02b5816e71b1149d79877f669a85e4","name":"cfeditoren"}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.cc\/zimbabwe\/wp-json\/wp\/v2\/posts\/50424","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.cc\/zimbabwe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.cc\/zimbabwe\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.cc\/zimbabwe\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.cc\/zimbabwe\/wp-json\/wp\/v2\/comments?post=50424"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.cc\/zimbabwe\/wp-json\/wp\/v2\/posts\/50424\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.cc\/zimbabwe\/wp-json\/wp\/v2\/media\/50423"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.cc\/zimbabwe\/wp-json\/wp\/v2\/media?parent=50424"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.cc\/zimbabwe\/wp-json\/wp\/v2\/categories?post=50424"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.cc\/zimbabwe\/wp-json\/wp\/v2\/tags?post=50424"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}