Zimbabwe's Foreign Debt a 'Time Bomb'

Zimbabwe's foreign debt is reported to have increased by an estimated U.S.$10,7 billion, with the external debt projected to grow to over U.S.$8 billion by the end of this year, reports the IMF.

  • Comment (2)

  • Zimbabwe:  Nation's Debt Now U.S.$10,7 Billion

    Zimbabwe Independent, 6 July 2012

    ZIMBABWE'S external debt overhang is now estimated at US$10,7 billion and, at 111% of GDP, has become an impediment to external sustainability, according to an IMF report seen by ... read more »

Photo: Kate Lucy/AllAfrica

Several billion dollars worth of minibus fare.

  • Zimbabwe:  Country's Debt Problem - a Ticking Time Bomb (opinion)

    SW Radio Africa, 6 July 2012

    Zimbabwe's ever growing debt problem, if left unresolved soon, is arguably a ticking time bomb that could trigger civil strife and instability in the not so distant future. read more »

  • Zimbabwe:  Impact of Euro-Zone Debt Crisis On Zim

    Financial Gazette, 28 June 2012

    The global financial markets are in turmoil with the source of this instability remaining the debts within members of the single currency, the Euro. Greece continues to attract the ... read more »

  • Zimbabwe:  Debt a 'Ticking Time Bomb'

    SW Radio Africa, 6 July 2012

    A former Zimbabwean diplomat has warned that the country's massive international debt is a "ticking time bomb," which threatens to destroy any hope of economic recovery. read more »



Comments Post a comment

  • andya420
    Jul 10 2012, 00:51
    Report Abuse

    Really? Why are you posting your debt in US dollars? The US has nothing to do with Zimbabwe. Nor does the dollar. You all are in debt to the forien banks you owe money to....i live in the US and we owe trillions of dollars to a privately owned bank called the federal reserve. You owe your money to the same bank with a different.name. wake up....we all owe money to the Rockefellers....dont believe me? Look up meet the rockefellers on youtube

  • emm2497
    Jul 13 2012, 17:30
    Report Abuse

    andya420 whoever we owe the money to has to be reported in USA dollars because the money was either lent to us in USA dollars or because our Zimbabwean dollars are now moth-food and defunct with our country having now adopted the US dollar and the SA rand.