News / National
Zimbabwe among debt risky countries
01 Sep 2016 at 06:22hrs | Views
Zimbabwe is among high risk countries due to its high national debt of about $10 billion, with the country having gone for over a decade without paying its obligations to creditors.
African Economic Outlook (AEO) in its latest report said in high risk countries an effective tax administration requires a highly-qualified and well-equipped staff that can work without political interference.
As a result, according to AEO, Zimbabwe joins Burundi, Cameroon, Central African Republic, Chad, Djibouti, Ghana, Mauritania, Sao Tome and Principe, and Sudan as a high risk debt sustainable country.
Source - newsday