Categories: Zim Latest

Mnangagwa meets development partners, creditors over debt resolution

President Emmerson Dambudzo Mnangagwa is opening the second Session of the Structured Dialogue Platform Meeting this morning at a local hotel in the capital.

This is a forum for discussion between Government of Zimbabwe and its development partners and creditors on the country’s Arrears Clearance and Debt Resolution Process.

Apparently, former Mozambican President Joachim Chissano who is in the country is attending the meeting.

Zimbabwe’s total Public and Publicly Guaranteed (PPG) debt (external and domestic) including RBZ debt, is estimated at ZWL$10.97 trillion, as at end September 2022.

Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields.

The ratio of national debt to gross domestic product of Zimbabwe was forecast to continuously decrease between 2022 and 2027 by in total 41.2 percentage points.

The ratio is estimated to amount to 51.4 percent in 2027. Depicted here is the general government gross debt in relation to the country’s GDP.

According to the International Monetary Fund, gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future.

The GDP, on the other hand, refers to the total value of final goods and services produced during a year.

Zwnews

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