Zim debt accelerates to $11,2bn

ZIMBABWE’S public debt has increased to $11,2 billion as at October 31, further worsening the country’s relations with its international creditors.

As at September last year, the total public and publicly guaranteed debt, including arrears, was estimated at $8,36bn, of which $1,29bn was domestic debt, with $7,07bn being external.

According to statistics from Treasury, the debt as at October 31 was equivalent to 79% of the gross domestic product (GDP).

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