Business Reporter
FORMER president of Mozambique, Joaquim Chissano will play the facilitation role and lead the dialogue process on broad economic and governance issues at the high level dialogue meeting between Zimbabwe and its creditors.
The meeting is expected to take place in the capital city of Harare Thursday as Zimbabwe ups the ante in bringing finality to the country’s prolonged debt clearance challenges.
“Since arriving in Zimbabwe earlier this week, Chissano has been consulting with various stakeholders, including development partners, and representatives of the private sector and civil society.
“Luisa Diogo, former Prime Minister of Mozambique, is supporting the facilitator in her role as technical advisor. Championing the process is Dr. Akinwumi Adesina, president of the African Development Bank Group (AfDB), who was invited to play this role by the Zimbabwean president in 2022,” a communiqué published ahead of the meeting revealed.
Adesina and his delegation touched base Wednesday afternoon ahead of the convention. He has since dedicated resources to help the authorities ensure a successful process.
The meeting follows an initial dialogue held on the 1st of December 2022 involving the government and various stakeholders.
According to the Finance Ministry, total external debt as at end of September 2022 is estimated at US$14,04 billion including US$5,7 billion bilateral debt which is 41% of the total , US$2,6 billion multi-lateral debt representing 18,4% of the total debt.
The high level engagement comes at a time when monetary authorities back home have managed to ease inflationary pressures , relatively restored the Zim$ stability and confidence amid expectations that if the country manages to unlock international credit lines , rebound in economic growth may see the light of the day.
