afrodad-zimcodd-congratulatory-letter-to-the-president-of-zimbabwe-for-his-work-to-stabilise-the-countries-socio-economic-situation-6dfa650c0e76eb00.pdf

A congratulatory letter from the African Forum and Network on Debt and Development (AFRODAD) and the Zimbabwe Coalition on Debt and Development (ZIMCODD) to the President of Zimbabwe and other high-level officials following the 2nd High-Level Structured Dialogue Platform Meeting on February 23, 2023. The letter expresses support for the Arrears Clearance Programme and provides recommendations on economic reforms, debt transparency, creditor responsibility, and civil society participation to address Zimbabwe's debt crisis.

• Zimbabwe is facing a severe debt crisis, with IMF projections for 2022 placing consolidated public sector debt at US$18.4 billion. External debt payment arrears and penalties accumulated over two decades are estimated at US$6.3 billion as of the end of September 2022, which the authors state is a "major obstacle to the achievement of the national Development Strategy 1 (NDS1) objectives and the attainment of Vision 2030".
• The authors argue that the current global financial and debt architecture is "rigged against Africa" because the continent lacks a voice in global decision-making. They assert that neo-liberal, market-based, and private sector-led approaches to public services and investments are not working for Africa.
• AFRODAD and ZIMCODD provide four specific recommendations to support the Arrears Clearance Programme: combatting financial leakages within the Economic Reforms Matrix to support the "Zimbabwe is Open for Business" policy; strengthening institutions to record and publish debt data for transparency; requiring creditors to reciprocate transparency in their dealings; and establishing a defined role for civil society within the Economic Reforms Matrix via the Sector Working Group and the Economic Growth Sub-Sector Group.
• The document highlights that Zimbabwe's debt burden is exacerbated by converging global crises, including the Covid-19 pandemic, the Ukraine-Russia War, and the climate emergency, which have negatively impacted access to food, basic services, and public services.

APA

African Forum and Network on Debt and Development (2023). afrodad-zimcodd-congratulatory-letter-to-the-president-of-zimbabwe-for-his-work-to-stabilise-the-countries-socio-economic-situation-6dfa650c0e76eb00.pdf. https://afrodad.org/sites/default/files/letters/AFRODAD-ZIMCODD-Congratulatory-Letter-to-the-President-of-Zimbabwe-for-His-work-to-Stabilise-the-Countries-socio-economic-Situation.pdf

Chicago

African Forum and Network on Debt and Development. afrodad-zimcodd-congratulatory-letter-to-the-president-of-zimbabwe-for-his-work-to-stabilise-the-countries-socio-economic-situation-6dfa650c0e76eb00.pdf. 2023. https://afrodad.org/sites/default/files/letters/AFRODAD-ZIMCODD-Congratulatory-Letter-to-the-President-of-Zimbabwe-for-His-work-to-Stabilise-the-Countries-socio-economic-Situation.pdf.

Wikipedia

{{cite press release |author=African Forum and Network on Debt and Development |title=afrodad-zimcodd-congratulatory-letter-to-the-president-of-zimbabwe-for-his-work-to-stabilise-the-countries-socio-economic-situation-6dfa650c0e76eb00.pdf |date=23 February 2023 |url=https://afrodad.org/sites/default/files/letters/AFRODAD-ZIMCODD-Congratulatory-Letter-to-the-President-of-Zimbabwe-for-His-work-to-Stabilise-the-Countries-socio-economic-Situation.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@misc{africanforumandnetworkondebtanddevelopment2023afrodadzimcoddcongratulatorylettertothepresidentofzimbabweforhisworktostabilisethecountriessocioeconomicsituation6dfa650c0e76eb00pdf, author = {{African Forum and Network on Debt and Development}}, title = {{afrodad-zimcodd-congratulatory-letter-to-the-president-of-zimbabwe-for-his-work-to-stabilise-the-countries-socio-economic-situation-6dfa650c0e76eb00.pdf}}, publisher = {African Forum and Network on Debt and Development}, year = {2023}, month = feb, url = {https://afrodad.org/sites/default/files/letters/AFRODAD-ZIMCODD-Congratulatory-Letter-to-the-President-of-Zimbabwe-for-His-work-to-Stabilise-the-Countries-socio-economic-Situation.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }