ZIMBABWE will resume talks with creditors later this month to restructure US$21 billion in external debt as it seeks to exit a default that’s kept it locked out of international capital markets since 1999.
“We have been busy, doing work around getting rid of our albatross in terms of the external arrears,” Finance Minister Mthuli Ncube told lawmakers Wednesday at a pre-budget seminar in Bulawayo, the nation’s second largest city. On November 25 “we will have another high-level dialogue” with creditors to move that agenda forward,” he said. – Bloomberg