Zimbabwe's Debt Crisis
Global economists are renewing calls for debt relief as Zimbabwe's debt has surpassed US$23 billion, according to the International Monetary Fund (IMF) and World Bank.
The latest reports from the World Bank and IMF indicate that Zimbabwe's total public debt has ballooned to US$23.3 billion, significantly higher than the official government estimates of US$21 billion at the end of 2024.
- Zimbabwe's debt accounts for nearly 73% of its gross domestic product (GDP).
- The country remains in debt distress, according to the World Bank and IMF reports.
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Author's summary: Zimbabwe's debt exceeds US$23 billion.