Zimbabwe's Woes Affecting Rest of Region - Chissano allafrica: SouthernAfrica
Speaking at a high-level debt resolution forum on May 15 in Zimbabwe's capital, Harare, he said that since Zimbabwe is located in the centre of the region, “many regional infrastructure development plans, including roads, railways and power transmission lines have been brought to a standstill, as they have to run through the country… [C]ontinental free trade is also undermined by the situation prevailing in Zimbabwe”.
During the event, Mnangagwa reassured the Zimbabwe's creditors and development partners that his administration is dedicated to implementing important reforms necessary to pay down the debt and arrears, according to anZimbabwe, said Mnangagwa, “is realizing key milestones towards moving our country forward for the good of our people”. This was “in spite of the challenges associated with the debt overhang and further exacerbated by the albatross of... illegal economic sanctions.
It is time for Zimbabwe to resolve its debt problems once and for all, he said. Zimbabwe “cannot run up the hill of economic recovery carrying a backpack of debt on its back,” Adesina said. However, getting there would not be an easy task: “We must address history to make history.” He went on to say that the country's long-term economic recovery needs a thorough arrears clearing and debt settlement procedure supported by international financial institutions and the international community at large.
He applauded the government increasing the security of commercial agriculture by making land titles available. He suggested that the leases be for 99 years and that they be transferrable, bankable, and financially viable.
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