In a recent Bloomberg article, it is reported that Zimbabwe is considering using a debt-for-nature swap to restructure some of the $21billion it owes to international creditors. Following the path of Gabon, the first African nation to secure a debt for nature deal valued in $500million. Angola, Kenya and Zambia are also exploring their options in this regard.
According to the article, the technical advisors Kepler-Karst (legal) and GSA (financial), are providing strategic expertise to support Zimbabwe's endeavours to develop sustainable debt management solutions. Their appointment comes as Zimbabwe considers various options for clearing its arrears and restructuring its debt, including the potential use of debt-for-nature swaps. This underscores the complexity of Zimbabwe's debt situation and the country's commitment to finding innovative approaches to resolve its long-standing financial challenges.
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