Published: 30 November 2017

President Emmerson Mnangagwa's comments during his inauguration last week rekindled hope for the resuscitation of the Lima deal whose implementation stalled after Zimbabwe failed to deliver on key treaty demands.

Mnangagwa has emphasised the need for the country to deal with its serious debt problem, which has proscribed Zimbabwe from accessing offshore funding for its capital-starved economy.

Last month IMF Africa Director,  Abebe Selassie pinned his hope on the country's 2018 National Budget as Zimbabwe remains in default on its international debts to the IMF, the World Bank and the African Development Bank.

Arrears to the three multilateral financial institutions amount to US$1.861 billion.

Last week Mnangagwa said the damaging consequences of Zimbabwe's failure to service its debt's had become increasingly apparent, making economic recovery very difficult.
- Fin Gaz

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