Tax & Spend
Zimbabwe to Hold Talks on $21 Billion Debt Albatross This Month
- Talks will include AfDB head and former Mozambique leader
- Central bank sees monthly inflation slowing to single digits
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Zimbabwe will resume talks with creditors later this month to restructure $21 billion in external debt as it seeks to exit a default that’s kept it locked out of international capital markets since 1999.
“We have been busy, doing work around getting rid of our albatross in terms of the external arrears,” Finance Minister Mthuli Ncube told lawmakers Wednesday at a pre-budget seminar in Bulawayo, the nation’s second largest city. On Nov. 25 “we will have another high-level dialogue” with creditors to move that agenda forward,” he said.