Zimbabwe Advances Debt Resolution Talks with AfDB and Former Mozambican President

Harare, Zimbabwe – Zimbabwe took another step in its efforts to resolve its longstanding debt issues as President Emmerson Mnangagwa hosted former Mozambican President Joaquim Chissano and African Development Bank (AfDB) President Dr. Akinwumi Adesina at State House on Wednesday. The discussions focused on Zimbabwe’s Arrears Clearance and Debt Resolution Process, a key initiative aimed at restoring the country’s economic stability.

Zimbabwe has been working to clear its external debt, which has limited its access to international financial markets. The involvement of the AfDB, a key financial institution on the continent, signals growing regional support for Zimbabwe’s economic recovery. Former President Chissano has played a facilitative role in the discussions, helping to mediate between Zimbabwe and its creditors.

In a statement on social media, President Mnangagwa expressed his appreciation for the high-level engagement, stating, “Honoured to receive Former Mozambican President Joaquim Chissano & AfDB President Dr. Akinwumi Adesina at State House. We discussed Zimbabwe’s Arrears Clearance & Debt Resolution Process, a key step towards economic stability.”

Honoured to receive Former Mozambican President Joaquim Chissano & AfDB President Dr. Akinwumi Adesina at State House. We discussed Zimbabwe’s Arrears Clearance & Debt Resolution Process, a key step towards economic stability. #Zimbabwe #AfDB #DebtResolution pic.twitter.com/rF432zMyZX

— President of Zimbabwe (@edmnangagwa) March 20, 2025

Zimbabwe’s debt clearance efforts have gained momentum under a structured dialogue framework supported by international financial institutions, including the AfDB and the World Bank. The government has been negotiating a plan to restructure and settle its arrears, which currently stand at over US$14 billion.

Dr. Adesina, a strong advocate for debt resolution across Africa, has previously emphasized the need for comprehensive strategies that include economic reforms, engagement with international partners, and investment in key sectors such as agriculture and infrastructure.

The meeting at State House reflects Zimbabwe’s commitment to finding a sustainable path to economic recovery, with continued diplomatic and financial engagements seen as crucial steps in unlocking fresh investment and international support.

While challenges remain, particularly in securing agreements with bilateral and multilateral creditors, this latest discussion signals progress in Zimbabwe’s efforts to restore financial stability and reintegrate into the global economy.

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