Zimbabwe: Huge debt burden threat

As Zimbabwe slowly staggers from an unrestrained decade of economic recession, the country’s huge debt burden totalling about US$7 billion in external arrears presents an albatross around the nation’s neck. Figures recently released reveal that of the public and publicly guaranteed debt of US$6,4 billion as of 31 October, US$4,7 billion is in arrears. Put simply, every Zimbabwean owes external creditors US$500.