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Zimbabwean economy on right track but… - The Zimbabwe Mail

Zimbabwean economy on right track but… - The Zimbabwe Mail
thezimbabwemail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thezimbabwemail.com Daily Mail and Mail on Sunday newspapers.

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Bullish Mthuli Says Economy Will Keep Growing

By Anna Chibamu
ZIMBABWE’s economy is expected to remain on an upward growth trend during the remainder of the year, with the Gross Domestic product (GDP) expected to peak to 7,8% from the 2021 National Budget projections of 7,4%, Finance minister Mthuli Ncube has said.
Presenting the Mid-Term Budget Review in the National Assembly Thursday afternoon, Ncube said there has been a significant decline in inflation of over 700% from 837% in July 2020 to 106,6% in June, 2021 owing to several reasons among these, the fiscal and monetary consolidation measures being implemented by government.
Ncube also attributed the growth rate on good rains received during the last season, higher international mineral prices, a stable macro-economic environment and Covid-19 pandemic response measures, including the vaccination programme. ....

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Zimbabwe's external debt balloons to US$17bn - The Zimbabwe Mail

Zimbabwe's external debt balloons to US$17bn - The Zimbabwe Mail
thezimbabwemail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thezimbabwemail.com Daily Mail and Mail on Sunday newspapers.

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Zim's external debt balloons to US$17bn  - Zimbabwe Situation

Zim’s external debt balloons to US$17bn
Business Writer
Zimbabwe is in debt-distress as it closed the year 2020 owing to its external creditors as much as US$10,523 billion in Public and Publicly Guaranteed debt with more expected to be loaded on the total bill, Business Weekly can reveal.
The country’s external Public and Publicly Guaranteed (PPG) debt could balloon to above US$17 billion if debts accumulated by the central bank are factored in.
The Reserve Bank of Zimbabwe’s debts are, however, still expected to go through the process of “due diligence, validation and reconciliation”.
According to the Annual Public Debt Bulletin 2020 Financial Year, the RBZ accrued facilities, which are not guaranteed by the Government amounting to US$379 million and legacy debts estimated at US$2,9 billion. ....

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