Staff Reporter
Today, President Emmerson Mnangagwa participated in a high-level dialogue focused on the pressing challenges of financing for development.
The meeting was held on the sidelines of the ongoing 78th Session of the United Nations General Assembly (UNGA) in New York.
The theme of the dialogue was, "Fostering Debt Sustainability and Strengthening the Global Financial Safety Net."
The meeting brought together world leaders and financial experts to address the escalating global challenges related to debt.
President Mnangagwa expressed concern over the surging public debt witnessed in recent years. He attributed this rise to a myriad of global shocks including the devastating effects of climate change, the COVID-19 pandemic, various conflicts, and the fluctuation in commodity prices, to name a few.
The President said Zimbabwe, like many other countries, had felt the weight of these challenges.
President Mnangagwa was quick to reaffirm his administration's dedication to sound debt management practices.
"It is essential for us to navigate these tough times with financial wisdom and caution," President Mnangagwa remarked.
Furthermore, the President highlighted that Zimbabwe was not standing still amidst these challenges. He said nation was in active discussions with international financial institutions and development partners.
According to President Mnangagwa, the goal of these talks was to seek out and implement innovative mechanisms that can bolster financial safety nets, especially during times of economic downturns or distress.
In a related development at the UNGA, President João Lourenço of Angola made a poignant address. President Lourenço pointed out that Africa remained vigilant and was acutely aware of external forces that, though unseen, have intentions to destabilize the continent.
Meanwhile, the UNGA has been a platform for African leaders to voice out their concerns and aspirations.
Notably, President Mnangagwa is scheduled to give his address tomorrow. The anticipation is high, with many expecting him to echo South African President Cyril Ramaphosa's recent call for the West to lift the illegal sanctions imposed on Zimbabwe and other victims across the globe.
