Should Zimbabwe declare itself rich or poor?

By Gift Phiri 

 25 July 2010: HARARE - Zimbabwe's plan to get its staggering US$7 billion debt written off under the Heavily Indebted Poor Countries (HIPC) initiative, a debt relief programme managed by the International Monetary Fund and the World Bank, has sharply divided opinion.

ZIMCODD's Submission on the Content of a New Constitution

 July  2010
 
The Zimbabwe Coalition on Debt and Development (ZIMCODD) has urged citizens to ensure that effective loan contraction and debt management principles are established in the country’s legal framework, through the outreach process for a new constitution.  In a recent statement, the coalition’s chairperson, Rutendo Hadebe said that the current constitutional reform process is a golden opportunity for Zimbabwe to avert a future debt crisis by reforming the country’s loan contraction and debt management framework. Zimbabwe’s external debt is projected to grow to US$7,6 billion by end of 2010, whilst the country is desperately looking for external resources to turn around the economy.

Click here to download ZIMCODD's full submission on the content of a new Constitution.

Heads to roll at Parastatals

By Levi Mukarati

23 July 2010- CABINET has issued an ultimatum for parastatals to implement a host of measures to bring sanity in the State companies amid indications heads could roll in some perennial loss-making entities as the coalition government rings robust changes to stem gross mismanagement and corruption.

Zupco in trouble over $71 000 debt

Mernat  Mafirakurewa

- Jul 16 2010 10:01

Ailing Zimbabwe United Passenger Company (Zupco) has been given an ultimatum to clear a$71 000 debt it owes the Bulawayo City Council (BCC) while Harare City Council is concerned about the company’s sorry state of affairs at their depots in the city.

Harare has written to Zupco asking it to spruce up its deteriorating depots while BCC is demanding payment in full within the next three to six months.

Proposals to avert future debt crisis

Saturday, 10 July 

THE current constitutional reforms present an opportunity for the country to avert a future debt crisis by reforming Zimbabwe’s loan contraction and debt management framework, a pressure group has said. The Zimbabwe Coalition on Debt and Development (Zimcodd) said the constitution must stipulate that Parliament approves all borrowings and grants all guarantees.

Upcoming  Events For 2010 

• SADC People's Summit 2010: 15-16 August
  

• Debt Week- October