Zimbabwe sends delegation to Europe to present its debt repayment strategy

ZIMBABWE is dispatching a team to key four European capitals to present its strategy on dealing with debt arrears to the Paris Club creditors.

The team, which is led by Reserve Bank of Zimbabwe Governor Dr John Mangudya, will visit Paris (France), Brussels (Belgium) and Berlin (Germany) before the end of this month.

Finance minister Patrick  Chinamasa said he has tasked the team led by Dr Mangudya to visit three key European capitals to sensitise creditors on the economic situation in Zimbabwe.

"To this end and in preparation for that Lima meeting and in order to ensure that we have some appreciation and buy in from our creditors I'm sending a team to visit Paris, Berlin and Brussels and it will be headed by the Governor of the Central Bank Dr Mangudya," said Minister Chinamasa.

"This is essentially to sensitise the creditors on the economic situation that is confronting us as well as the strategies that we are hoping to promote in Lima," he said.