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Zim debt to soar above US$8bn Sunday, 22 April 2012 BY Kudzai Chinhangwa, The Standard ZIMBABWE’s penalties and arrears to bilateral and multilateral creditors continue to accumulate, with the external debt projected to grow to over US$8 billion by the end of this year, a Cabinet minister has said.
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New deal to retire Zim debt Thursday, 22 March 2012 Herald Reporters Finance Minister Tendai Biti has unveiled a debt resolution strategy that will unlock external financing for economic development. The plan — Accelerated Arrears Clearance, Debt and Development Strategy — seeks ways to retire the country’s US$9,1 billion debt overhang.
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World Bank engages Government over debt 4 March 2012 Africa Moyo Business Correspondent, The Sunday Mail The Government is understood to be in talks with the World Bank to explore ways of settling Zimbabwe’s arrears with the Bretton Woods institution. Zimbabwe owes the World Bank about US$900 million but the financier is not keen on bailing out the country until the arrears are settled.
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Zim Needs To Clean Political Climate To Woo Investors

1 March 2012

www.radiovop.com

Johannesburg, March 01, 2012 - Zimbabwe's Finance Minister Tendai Biti says the country should fix its political climate in order to attract more investors to the country. Speaking at a Zimbabwe Investment Conference being held at Indaba Hotel in Johannesburg's FourWays to woo investors to the country, Biti said: "We have to develop a model to make our politics sustainable."

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