ZIMBABWE’S Treasury says it aims to complete the country’s debt restructuring process by the end of the National Development Strategy 1 (NDS1) period, paving the way for the second phase of the strategy (NDS2) to commence “debt-free”.
The country’s debt currently accounts for 81 percent of its gross domestic product, underscoring the magnitude of the task.
This challenge is compounded by Zimbabwe’s long history of financial difficulties, which have hampered economic recovery.