Zimbabwe and the COVID-19 and debt crisis: Causes and solutions

Datum: 20.11.2020
Uhrzeit: 19:00 - 20:30
Ort: Online
ICS/iCal: Event speichern

The economic fallout of the Corona pandemic caused a worldwide recession not seen since the Great Depression. The shock, described as “crisis like no other”, has hit countries on the African continent in an already dire debt situation.  

Even prior to the corona pandemic, 124 developing countries were in a more or less critical debt situation. Even representatives of the International Monetary Fund (IMF) are concerned of 2021 becoming the beginning of a lost development decade in the absence of immediate and ambitious action.

Zimbabwe has been in a long-lasting debt crisis for years. The health and economic impact of the pandemic aggravate the situation of the local population even more.

In April 2020, the 20 most powerful countries, the G20, agreed on debt relief measures for 73 lower income countries in order to support them in fighting the impact of the pandemic. Originally, Zimbabwe was part of this list, but due to payment arrears to the World Bank, has been cancelled subsequently. Many voices from civil society, academics and politics are in deep concern about that and demand debt relief.

We invite you to a discussion on the economic and social situation in Zimbabwe in the context of the COVID-19 pandemic as well as on the current political reform initiatives. At the center will be the understanding of perspectives and demands of Zimbabwean civil society in order to effectively exit the debt crisis. 

Experts

Janet Zhou, director of the Zimbabwe Coalition on Debt and Development (ZIMCODD)

Kristina Rehbein, erlassjahr.de – Entwicklung braucht Entschuldung e.V. (Jubilee Germany)

Simone Knapp, Kirchliche Arbeitsstelle Südliches Afrika (KASA)

 

Participation is possible virtually. Please register at buero*@erlassjahr.de or kasa*@woek.de. The access link to the event will be shared shortly before the event by email as well as on the website of erlassjahr.de and KASA.

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