SADC says Zimbabwe must succeed with money fixes for all nearby countries to stay stable. The group asks world leaders to help Zimbabwe pay its debts. High debt makes borrowing expensive, forcing money toward interest payments instead of helping people. SADC leader Mr Magosi fully backs Zimbabwe's plan to clear unpaid bills and resolve debt problems. He talked about this at the IMF World Bank meetings happening right through April 26 in Washington.
Mr Magosi meets global partners at these important talks to show SADC wants more international teamwork. SADC includes 16 countries working together for better trade growth. Zimbabwe promises many changes to fix its money troubles. The country needs fresh loans from the World Bank, but first, it must settle old debts. Zimbabwe currently owes 21 billion dollars, with most going to foreign lenders.
President Mnangagwa picked special helpers in 2022—AfDB head Dr Adesina and former Mozambique President Chissano—to guide debt-clearing efforts. Zimbabwe is making good progress through talks with the people it owes money to. They work on three main areas—money system changes, government improvements, and land reforms—hoping these will solve debt issues and unlock new funding sources.
Mr Magosi meets global partners at these important talks to show SADC wants more international teamwork. SADC includes 16 countries working together for better trade growth. Zimbabwe promises many changes to fix its money troubles. The country needs fresh loans from the World Bank, but first, it must settle old debts. Zimbabwe currently owes 21 billion dollars, with most going to foreign lenders.
President Mnangagwa picked special helpers in 2022—AfDB head Dr Adesina and former Mozambique President Chissano—to guide debt-clearing efforts. Zimbabwe is making good progress through talks with the people it owes money to. They work on three main areas—money system changes, government improvements, and land reforms—hoping these will solve debt issues and unlock new funding sources.
