Zim seeks debt write-off under HIPC

FINANCE minister Mthuli Ncube is actively seeking to have the Zimbabwe foreign debt forgiven under the Highly Indebted Poor Countries (HIPC) programme by the International Monetary Fund (IMF), a move that would spring the ailing economy into life and ease the liquidity crunch.

Speaking on his return from Bali, Indonesia, where heads of multi-lateral institutions have been meeting, Ncube said his presentation on debt clearance and privatisation of loss-making parastatals was well-received and if rolled out, would be the panacea to the country’s economic crisis.

“The meetings in Bali and the World Bank/IMF annual meetings were very successful.

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