Zimbabwe Targets March 2027 To Clear Debt Arrears

Zimbabwe is targeting March 2027 to settle long-standing arrears with international lenders, as the government seeks short-term bridge financing to clear overdue payments.

Finance Minister Mthuli Ncube says resolving the arrears could help the country regain access to cheaper, longer-term financing from multilateral institutions after more than two decades of limited borrowing.

The scale of the challenge remains significant: Zimbabwe’s total public debt stands at $21.7 billion, including $11.7 billion owed to foreign creditors. Arrears and accumulated penalties account for a further $8.3 billion.

Can Zimbabwe’s debt-clearance plan reopen the door to international financing?

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