Publication

This paper provides an overview of the arrears clearance and debt relief processes in Zimbabwe. It argues that overcoming the debt issue is a critical step in the eventual economic recovery of the country. The author emphasizes that it will remove a crippling burden on the government's budget, the investment climate and the overall macroeconomic environment. They also explain the sequencing and interlinkages between the relevant creditor stakeholders, including the Paris Club, IMF, World Bank, African Development Bank, commercial creditors and non-traditional bilateral government such as China.