ACT NOW: Support Debt Justice for Zimbabwe
14 April 2012
With fresh elections due next year, debt campaigners in Zimbabwe want lessons learned about the country’s $7 billion debt. Take action now to support their call. Zimbabwe stopped paying most of its debts in the year 2000. Since then, Zimbabweans have faced economic chaos and social upheaval. But today there is new hope.
Zimbabwe: the case for a debt audit
9 July 2009
The unpalatable fact is that the Republic of Zimbabwe is virtually bankrupt. As at December 1 2008, Zimbabwe’s external debt stood at US$5, 255 billion, with a current account balance of US$597 million. As at May 31 2009, Zimbabwe owed the International Monetary Fund (IMF) US$138 million and the World Bank US$676 million. As at April 30, 2009, Zimbabwe owed the African Development Bank US$438 million. These statistics are startling thus there is an urgent need to interrogate Zimbabwe’s (...)
Experts on Zimbabwe’s external debt
Stakeholders met last week in Harare to discuss Zimbabwe’s external debt, which threatens the welfare of its citizens who have been ravaged by a deep social, economic and political crisis. The Zimbabwe Coalition on Debt and Development (Zimcodd), a coalition of institutions and individuals focusing on social and economic justice, convened the meeting under the theme "The Economy in Transition Dialogue Conference: Towards a Sustainable Public Debt for Zimbabwe". The main objective of this (...)