HON. MARKHAM: Could the Minister acknowledge whether he will be able to pay the first payment in June as per the agreement?
HON. PROF. M. NCUBE: I thank Hon. Markham for the follow up question. Our ability to pay that amount he refers to depends on the success of the instrument and the fundraising strategies that the advisors are putting on the table and proposing. So I can only say once we are in agreement with the advisors whether these are viable instruments or not. I cannot give a definite answer at this stage. We still have a few weeks to go, so we are busy evaluating these instruments to see if indeed we can raise the funding to clear this amount by the middle of the year.
HON. GABBUZA: Now, since the Government entered into an agreement with the relevant people, would it mean that if we do not pay by end of June we are in breach of the agreement and are there any penalties to this Government?
HON. PROF. M. NCUBE: While I really appreciate the Hon. Member’s concern as to what would happen if we were in breach, we are not yet in breach, so it is still speculation but I do appreciate his forward thinking on this but we are not in breach. Besides, we are dealing with a group of farmers, 4 000 of them, very reasonable men and women who are Zimbabweans and are always ready to engage constructively with Government. I do not think we should be too worried about breaches and other legal issues. I thank you.
(294 VIEWS)
This post was last modified on March 9, 2022 10:26 pm
Page: 1 2
Britain says amendment of the Zimbabwe constitution is a sovereign, legislative matter for Zimbabwe to…
It is now 47 years since I wrote the short story below for a South…
Zimbabwe has released its 2026 monetary policy statement in which it seeks to stabilise its…
Far from it, on paper that is. Ignatius Chombo was one of the longest serving…
Zimbabwe on Thursday announced a ZiG290.9 billion budget with revenue expected to be ZiG287.6 billion,…
The International Monetary Fund says Zimbabwe’s economic recovery in 2025 is stronger than previously anticipated…