Borrowing not a solution: Govt told

ZIMBABWE should come up with sustainable ways of generating income and move away from piece-meal interventions that will sink the country into deeper poverty, Poverty Reduction Forum Trust director Judith Kaulem has said.

Kaulem told a recent debt conference held in the capital that borrowing money would not help Zimbabwe move out of its economic mess.

Zimbabwe is currently sinking in debt, which has ballooned to more than $17 billion, with external debt taking up $7,7 billion of the amount, while domestic debt is hovering around $9,5 billion.

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