Zimbabwe Hires Advisers Over $21 Billion Defaulted Debt Pile
- African country hired consultants GSA, law firm Kepler Karst
- Zimbabwe is locked out of international markets since 1999
Street vendors at the bus terminus in the central business district of Harare, Zimbabwe.
Photographer: Cynthia R Matonhodze/BloombergThis article is for subscribers only.
Zimbabwe’s government has hired financial and legal advisers to help it navigate potential talks with international creditors over the $21 billion it owes, according to people familiar with the matter.
Paris-based boutique firm GSA & Co. SAS, founded by a former Rothschild & Co. banker, and law firm Kepler Karst, which specializes in debt restructuring and insolvency, signed engagement letters to provide Zimbabwe with advice on debt management, the people said, asking not to be named because the information hasn’t been made public.