Civil society organisations have called for an audit of Zimbabwe’s national debt, as inequality and poverty grasp the economy.
This comes at a time the World Bank projects further GDP contraction of 10% in 2020, up from 8.1% last year, with extreme poverty levels reaching almost 50% of the population
The extent of national debts to multilateral financial institutions can make or break a nation, and Zimbabwe’s USD 10 billion debt is no exception. Zimbabwe is presently ineligible to get loans from international financial institutions (IFIs) due to its high external debt.
