Treasury says it paid US$170 million in external debt servicing between January and June 2026, covering active loans, legacy obligations, and token payments.

Minister of Finance, Economic Development and Investment Promotion Professor Mthuli Ncube said the government serviced the active loan portfolio, legacy debt and token payments amounting to US$161 million, US$5.5 million and US$3.6 million, respectively.

“During the second half of 2026, US$117 million is projected to be paid towards outstanding external debt. Government, during the same period, made payments to Mining Houses for arrears amounting to US$246.4 million,” Prof Ncube said in the 2026 Mid-Term Budget Review.

He added that domestic debt service payments totalling ZiG15.3 billion were made toward principal repayments of ZiG13.5 billion and interest payments of ZiG1.8 billion.

In 2025, the government paid US$307.45 million toward servicing its external debt portfolio. The payments were dominated by obligations under active credit facilities, even as the country’s total public debt burden expanded slightly to US$21.8 billion.

Zimbabwe’s total public and publicly guaranteed debt stock increased by 1.4% year-on-year to US$21.82 billion as of December 2025, representing 37.4% of nominal gross domestic product.

In local currency, total debt reached ZiG566.85 billion. The increase was largely driven by an expansion in domestic expenditure arrears coverage to service providers, which jumped from ZiG875 million in 2024 to ZiG35.37 billion (US$1.36 billion) following ongoing government verification and audit exercises.

External obligations accounted for 54.1% of the national debt stock at US$11.76 billion, while domestic commitments made up the remaining 45.9% at US$10.06 billion.

The government continues to pursue its Arrears Clearance and Debt Resolution Roadmap to normalise relations with international lenders.

Head of the Zimbabwe Public Debt Management Office, Andrew Bvumbe, noted that institutional technical support has “enhanced progress in debt reporting practices and transparency… strengthening fiscal transparency, sustainability, and prudent debt management” as the country navigates its debt restructuring process.