Zimbabwe’s Mutapa Investment Fund Sparks Debt Relief Concerns
Zimbabwe’s public debt has soared $3 billion to $21 billion after the recapitalization of the Mutapa Investment Fund. The fund received $1.9 billion, while $900 million was allocated to the Reserve Bank of Zimbabwe. Critics argue that the fund’s lack of transparency has attracted attention to governance and financial oversight. Analysts warn that such debt increases could jeopardize Zimbabwe’s ability to obtain debt from international creditors. As economic challenges and high debt levels continue to shape the country’s financial stability, the government faces increasing pressure to provide more responsibility for the operation of the fund.
source: Africa Report
