IMF reveals $2bn gap in Zimbabwe’s debt figures

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A woman walks past the Reserve Bank of Zimbabwe building in Harare, Zimbabwe on March 1, 2024. PHOTO | REUTERS

The International Monetary Fund (IMF) has indicated that Zimbabwe’s external debt is understated by over $2 billion, a development that casts doubt on the country’s suitability for debt relief.

Zimbabwe, burdened with $21 billion debt, according to official figures, has been pushing for an urgent resolution with major Western creditors since the removal of long-time ruler Robert Mugabe in a military coup eight years ago, but without success.