Zimbabwe Hopes to Service External Debt, Doesn’t Say When

Zimbabwe, locked out of international capital markets since defaulting in 1999, expects its stronger economy to help it pay back external creditors, without saying when this would begin.

Finance Minister Mthuli Ncube told reporters in the capital, Harare, on Tuesday that the country’s debt as a percentage of gross domestic product has declined to 46% from around 60% thanks to better growth.