TREASURY says it plans to renegotiate the terms of the liabilities it assumed from the central bank in a move aimed at restructuring the debt burden and creating fiscal space for the government.
The total liabilities on the Reserve Bank of Zimbabwe balance sheet as at the end of December 2023 amounted to US$3,7 billion.
Out of the outstanding US$3,7 billion RBZ liabilities, US$280 million was assumed under the 2015 Reserve Bank of Zimbabwe Debt Assumption Act, US$1,2 billion under the Blocked Funds Finance Act No. 7 of 2021, while US$2,2 billion was assumed in May 2023.