Providence Moyo
Zimbabwe’s staggering $21 billion debt crisis has ignited calls for decisive action, with the Zimbabwe Coalition on Debt and Development (ZIMCODD) spearheading efforts to find lasting solutions.
Over the weekend, ZIMCODD intensified its collaboration with the parliamentary Debt and Accountability Caucus (DAC) during a strategy workshop aimed at addressing this growing financial burden.
Hwange Central MP Daniel Molokelo underscored the gravity of the situation, describing the debt crisis as a threat to the nation’s development agenda.
“Our national debt crisis must be declared a national disaster.Efforts must be made to decisively resolve the matter once and for all,” he said.
Zimbabwe’s debt has surpassed $21 billion, comprising over $8 billion in domestic debt and more than $13 billion in international debt. Molokelo warned that failure to tackle this crisis would jeopardize the socio-economic future of millions of Zimbabweans.
As a solution, he proposed a Zimbabwe Debt and Development Conference to bring together stakeholders for sustainable debt management strategies. ZIMCODD plans to collaborate closely with the DAC to turn this vision into reality.
The organization, a key technical partner of the Parliament of Zimbabwe, has been instrumental in promoting fiscal justice and accountability. ZIMCODD’s efforts focus on ensuring that public resources are managed transparently, aligning with its mission to advocate for equitable economic development.
By ramping up parliamentary support, ZIMCODD aims to ensure that Zimbabwe’s debt crisis is addressed with sustainable solutions that prioritize citizens’ needs.
This collaborative approach seeks to not only alleviate the current debt burden but also safeguard the country’s long-term economic stability.
