Progress and commitment at Zimbabwe Debt Dialogue, as country reaffirms fiscal discipline and debt clearance

Online Writer
HARARE, Zimbabwe — In a keynote address at the High-Level Structured Dialogue on national debt, President Emmerson Mnangagwa underscored the significant strides made in Zimbabwe’s economic recovery and reaffirmed the Government’s commitment to fiscal discipline and debt clearance.
The address followed remarks from Finance Minister Mthuli Ncube, who emphasised the importance of arrears clearance for the country’s development.
President Mnangagwa noted that since the establishment of the dialogue platform, Zimbabwe has registered “tremendous progress.”
He highlighted the resilience of the Zimbabwean economy, which experienced growth last year and is projected to grow by 2 percent this year, despite challenges posed by drought conditions affecting agricultural production.
Looking ahead, he expressed optimism for a projected rebound in 2025, anticipating a 6 percent growth driven by the recovery in the agriculture and mining sectors.

The President reiterated the Government’s commitment to maintaining fiscal discipline and implementing tight monetary policies to ensure economic stability.
“Coordination between fiscal and monetary policy will ensure stability,” he said, highlighting recent improvements in the foreign exchange market.

Addressing land tenure reforms, President Mnangagwa announced that the Government has made a bold decision to secure tenure for beneficiaries of the land reform programme, aligning this initiative with the Constitution.
He emphasized the Government’s dedication to consolidating constitutionalism and enhancing transparency through ongoing reforms, including the Private Voluntary Organisations (PVOs) Bill aimed at preventing terrorism financing and money laundering.
In his closing remarks, President Mnangagwa expressed gratitude to the African Development Bank (AfDB) and former Mozambican President Joaquim Chissano for their continued support in facilitating the debt resolution process.
He reiterated the Government’s determination to achieve the intended results of the debt clearance strategy, underscoring the importance of access to external financing for the successful implementation of the National Development Strategy 2 (NDS2).
The dialogue continues to serve as a crucial platform for stakeholders to collaborate on revitalising Zimbabwe’s economy and addressing its debt challenges.