Letters: Need for thorough look into Mbudzi interchange deal

ZIMBABWE has debt in arrears which are attracting interest and penalties despite government efforts to make token payments to creditors.

Treasury debt figures show that as of the end of September 2022, the total debt stock stood at about US$17,6 billion inclusive of US$6,32 billion in arrears and penalties.

Zimbabwe’s public debt is rising at a time when the global financial markets are tightening as major central banks declare war on inflation.

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