Zimbabwe: Debt a ‘ticking time bomb’
A former Zimbabwean diplomat has warned that the country’s massive international debt is a 'ticking time bomb', which threatens to destroy any hope of economic recovery. The country’s bill is believed to be hovering between 8 and 10 billion dollars, which Reserve Bank Governor Gideon Gono warned in May was 'a serious developmental constraint for the economy'. According to former diplomat Clifford Chitupa Mashiri, the lack of agreement on solutions to the staggering debt 'could trigger civil strife and instability in the not so distant future'.