{"id":95585,"date":"2024-06-21T11:25:10","date_gmt":"2024-06-21T09:25:10","guid":{"rendered":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zimbabwes-debt-burden-rises-to-us18-billion"},"modified":"2024-06-21T11:25:10","modified_gmt":"2024-06-21T09:25:10","slug":"zimbabwes-debt-burden-rises-to-us18-billion","status":"publish","type":"post","link":"https:\/\/www.africa-press.cc\/zimbabwe\/all-news\/zimbabwes-debt-burden-rises-to-us18-billion","title":{"rendered":"Zimbabwe\u2019s Debt Burden Rises To US$18 Billion"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Zimbabwe. <\/strong><\/span>Zimbabwe\u2019s consolidated debt now stands at a staggering US$18 billion, with a substantial portion owed to international creditors which include institutions like the World Bank, International Monetary Fund (IMF), and bilateral partners, including China.<\/p>\n<p>Domestic public debt has also risen due to non-payment of government-guaranteed debt by private beneficiaries.<\/p>\n<p>The country\u2019s debt burden poses significant threats to national development and access to global financial markets.<\/p>\n<p>Addressing lawmakers in parliament on Wednesday, Minister of Finance, Economic Development and lnvestment Promotion Deputy Minister, David Mnangagwa said the country\u2019s debt was still undergoing validation and reconciliation. Said Mnangagwa (via <b>ZimLive<\/b>):<\/p>\n<p>Our debt figures are still going through some validation and reconciliation.<\/p>\n<p>There has been US$1.9 billion recapitalisation of the Mutapa Fund and an additional US$1.2 billion that was assumed from the Reserve Bank of Zimbabwe (RBZ).<\/p>\n<p>These would still need to be reconciled and validated before they are entered into the debt profile. That process is still underway.<\/p>\n<p>Mnangagwa also said the debt reported to the African Development Bank in April stood at US$2.7 billion, higher than the approved budget for this year.<\/p>\n<p>The government\u2019s efforts to address the debt crisis are being hindered by the lack of clarity on how the funds were used.<\/p>\n<p>Zimbabwe\u2019s appeal for debt forgiveness and penalty waivers has so far been unsuccessful.<\/p>\n<p>The United States stopped participating in a critical debt restructuring programme in January citing human rights abuses, lack of electoral reforms and crackdown on opposition politicians.<\/p>\n<p><strong>For More News And Analysis About Zimbabwe Follow Africa-Press<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Zimbabwe. Zimbabwe\u2019s consolidated debt now stands at a staggering US$18 billion, with a substantial portion owed to international creditors which include institutions like the World Bank, International Monetary Fund (IMF), and bilateral partners, including China. Domestic public debt has also risen due to non-payment of government-guaranteed debt by private beneficiaries. The country\u2019s debt [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":95584,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,6],"tags":[376,16946,15017,807,653,15016,2142,19],"class_list":{"0":"post-95585","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-all-news","8":"category-economy","9":"tag-debt","10":"tag-debt-burden","11":"tag-external-debt","12":"tag-mthuli-ncube","13":"tag-rbz","14":"tag-rbz-external-debt","15":"tag-treasury","16":"tag-zimbabwe"},"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>Zimbabwe\u2019s Debt Burden Rises To US$18 Billion - zimbabwe<\/title>\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\/zimbabwes-debt-burden-rises-to-us18-billion\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Zimbabwe\u2019s Debt Burden Rises To US$18 Billion\" \/>\n<meta property=\"og:description\" content=\"Africa-Press &#8211; Zimbabwe. Zimbabwe\u2019s consolidated debt now stands at a staggering US$18 billion, with a substantial portion owed to international creditors which include institutions like the World Bank, International Monetary Fund (IMF), and bilateral partners, including China. Domestic public debt has also risen due to non-payment of government-guaranteed debt by private beneficiaries. The country\u2019s debt [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zimbabwes-debt-burden-rises-to-us18-billion\" \/>\n<meta property=\"og:site_name\" content=\"zimbabwe\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-21T09:25:10+00:00\" \/>\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\/zimbabwes-debt-burden-rises-to-us18-billion\",\"url\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zimbabwes-debt-burden-rises-to-us18-billion\",\"name\":\"Zimbabwe\u2019s Debt Burden Rises To US$18 Billion - zimbabwe\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zimbabwes-debt-burden-rises-to-us18-billion#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zimbabwes-debt-burden-rises-to-us18-billion#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2024\/06\/sm_1718956818.246214.jpg\",\"datePublished\":\"2024-06-21T09:25:10+00:00\",\"dateModified\":\"2024-06-21T09:25:10+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/#\/schema\/person\/2e02b5816e71b1149d79877f669a85e4\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zimbabwes-debt-burden-rises-to-us18-billion#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zimbabwes-debt-burden-rises-to-us18-billion\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zimbabwes-debt-burden-rises-to-us18-billion#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2024\/06\/sm_1718956818.246214.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2024\/06\/sm_1718956818.246214.jpg\",\"width\":1024,\"height\":683,\"caption\":\"Zimbabwe\u2019s Debt Burden Rises To US$18 Billion\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zimbabwes-debt-burden-rises-to-us18-billion#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.cc\/zimbabwe\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Zimbabwe\u2019s Debt Burden Rises To US$18 Billion\"}]},{\"@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\u2019s Debt Burden Rises To US$18 Billion - zimbabwe","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\/zimbabwes-debt-burden-rises-to-us18-billion","og_locale":"en_US","og_type":"article","og_title":"Zimbabwe\u2019s Debt Burden Rises To US$18 Billion","og_description":"Africa-Press &#8211; Zimbabwe. Zimbabwe\u2019s consolidated debt now stands at a staggering US$18 billion, with a substantial portion owed to international creditors which include institutions like the World Bank, International Monetary Fund (IMF), and bilateral partners, including China. Domestic public debt has also risen due to non-payment of government-guaranteed debt by private beneficiaries. The country\u2019s debt [&hellip;]","og_url":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zimbabwes-debt-burden-rises-to-us18-billion","og_site_name":"zimbabwe","article_published_time":"2024-06-21T09:25:10+00:00","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\/zimbabwes-debt-burden-rises-to-us18-billion","url":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zimbabwes-debt-burden-rises-to-us18-billion","name":"Zimbabwe\u2019s Debt Burden Rises To US$18 Billion - zimbabwe","isPartOf":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zimbabwes-debt-burden-rises-to-us18-billion#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zimbabwes-debt-burden-rises-to-us18-billion#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2024\/06\/sm_1718956818.246214.jpg","datePublished":"2024-06-21T09:25:10+00:00","dateModified":"2024-06-21T09:25:10+00:00","author":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/#\/schema\/person\/2e02b5816e71b1149d79877f669a85e4"},"breadcrumb":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zimbabwes-debt-burden-rises-to-us18-billion#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zimbabwes-debt-burden-rises-to-us18-billion"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zimbabwes-debt-burden-rises-to-us18-billion#primaryimage","url":"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2024\/06\/sm_1718956818.246214.jpg","contentUrl":"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2024\/06\/sm_1718956818.246214.jpg","width":1024,"height":683,"caption":"Zimbabwe\u2019s Debt Burden Rises To US$18 Billion"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zimbabwes-debt-burden-rises-to-us18-billion#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.cc\/zimbabwe\/"},{"@type":"ListItem","position":2,"name":"Zimbabwe\u2019s Debt Burden Rises To US$18 Billion"}]},{"@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\/95585","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=95585"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.cc\/zimbabwe\/wp-json\/wp\/v2\/posts\/95585\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.cc\/zimbabwe\/wp-json\/wp\/v2\/media\/95584"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.cc\/zimbabwe\/wp-json\/wp\/v2\/media?parent=95585"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.cc\/zimbabwe\/wp-json\/wp\/v2\/categories?post=95585"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.cc\/zimbabwe\/wp-json\/wp\/v2\/tags?post=95585"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}