Tag: Debt

Final demand: Zimbabwe’s debt defaulters

Final demand: Zimbabwe’s debt defaulters

Zimbabwe is being hit by a tidal wave of debt – defaulters are on the rise as the ailing economy continues to hit ordinary citizens hard. Many are losing their properties to debt collectors or live in fear of having their homes given to creditors. Thirty-two-year-old Hazel Mhembere, who lives […]

Mugabe changes course as Harare woos IMF

Mugabe changes course as Harare woos IMF

Zimbabwe’s President Robert Mugabe agreed to major reforms, including compensation for evicted white farmers and a big reduction in public sector wages, as the government tries to woo back international lenders, the finance minister said. The economy was under siege from the worst drought since 1992, Patrick Chinamasa said on […]

Isolated Zimbabwe close to striking landmark deal with west

Isolated Zimbabwe close to striking landmark deal with west

Zimbabwe is close to striking a landmark deal with western multilateral institutions that would see it clear billions in arrears of unpaid debt, access new funds for its troubled economy and end more than 15 years of international isolation. Talks have intensified between Zimbabwe and its creditors in recent weeks […]

EU envoy predicts tough year for Zim

EU envoy predicts tough year for Zim

THIS year will be particularly difficult for Zimbabwe and the international community should be prepared for all possible scenarios, a top European Union (EU) envoy has said. In his New Year message, head of the EU delegation in Zimbabwe Philippe Van Damme said 2016 is going to be a challenging year […]