Lima Plan News Today

Zimbabwe’s debt has spiralled from US$600 million in 1980, following protracted defaults.

While it is clear Zimbabwe has had little success in its interventions to resolve an unsustainable US$13,3 billion external sovereign debt, a further worrying reality is the apparent lack of a viable strategy to expunge the equally malignant domestic public debt. Analysts said the Treasury was as much obligated to come up with a more…

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A FORMER United States State Department official says the British government should consider apologising to Zimbabwean people for supporting a failed bid to back Harare’s debt arrears plan which underwrote the 2017 military coup in the misplaced hope of securing transition and reform, The NewsHawks reported. Todd Moss, a former deputy assistant secretary in the Bureau of African Affairs at the US State Department, said failure by President Emmerson Mnangagwa’s government to implement far-re...

British Prime Minister Boris Johnson and Zimbabwean President Emmerson Mnangagwa THE United Kingdom’s unexpected move this week to impose sanctions on four Zimbabwean security chiefs for human rights violations – following a series of critical pronouncements in recent months – signifies a major policy shift, diplomatic sources say. In a move seen in Harare as an unexpected kick in the teeth, the UK, now autonomous to make solo decisions on sanctions after breaking away from the European U...