By Bustop TV
A week of action against debt injustice has been tabled this week starting today 25th of October 2021 by Zimbabwe Coalition on Debt and Development (ZIMCODD) and other civil society organisations.
This week of Action is designed to build a strong movement and citizen agency around debt injustices in Zimbabwe as well as raise awareness on the socioeconomic impacts of debt.
In its weekly statement “The Weekend Reader” Zimbabwe Coalition on Debt and Development (ZIMCODD) said that the week of action will further proffer recommendations for addressing the debt question as an important step towards the realisation of debt justice in Zimbabwe.
“Anchored on the catchphrase of the #HowFar campaign “You Deserve to Know”, the week of action seeks to encourage every citizen to know the debt status of the country with the intention of promoting citizen agency in demanding accountability on debt in Zimbabwe.
“One of the key demands that civil society and citizens have maintained over the issue of debt is the need to have a debt audit. A debt audit will ensure that the country has a true picture of the debt stock and everyone knows who is owed and how much is owed”, read part of the statement.
The Civil Society organisation which advocates for socio and economic justice implored the government to learn from the newly elected Zambian President Hakainde Hichilema who ensured access of the country’s debt stock to the citizens.
“A more recent example that Zimbabwe can emulate is from yesterday, where the recently elected President of neighbouring Zambia Mr Hakainde Hichilema announced on his Facebook page that the debt stock of the country was available for citizens’ scrutiny and will be constantly updated.”
Currently, Zimbabwe is saddled with a huge debt burden which according to the Minister of Finance and Economic Development is sitting at US$10.5 billion in external debt and ZWL20 billion in domestic debt.
