Zimbabwe Coalition on Debt and Development ZIMCODD

investing in people for social and economic justice

Debt is a situation where a person, country or organization owes some money or possessions to another person, country or organization (a creditor).  A country’s debt usually falls in the following categories:

  • Bilateral Debt – debt owed by one government to another;
  • Commercial Debt – debt that is owed to private sector creditors and commercial banks;
  • Domestic Debt – debt owed to creditors resident in the same country as the debtor, and denominated in local currency;
  • External Debt – debt owed to foreign creditors and denominated in foreign currency;
  • Multilateral Debt – debt owed to a consortium of lenders like the World Bank or regional development banks such as the  African Development Bank ADB;
  • Official Debt – debt that is owed to public sector lenders;
  • Publicly Guaranteed Debt – debt originating from loans made to state owned enterprises (parastatals) or private companies, the payment which has been guaranteed by the government of the debtor country.
  • … (full text National Dept Audit).

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About Us /Vision/Mission: WHO WE ARE: The Zimbabwe Coalition on Debt and Development, ZIMCODD, is a socio-economic justice coalition established in February 2000 to facilitate citizens’ involvement in making public policy and practice pro-people and sustainable.

ZIMCODD views Zimbabwe’s indebtedness, the unfair global trade regime and lack of democratic people-centered economic governance as root causes of the socio-economic crises in Zimbabwe and the world at large. Drawing from community-based livelihood experiences of its membership, ZIMCODD implements programmes targeted at

  • Educating the citizen
  • Facilitating policy dialogue among stakeholders
  • Engaging and acting on socio-economic governance at local, regional and global levels

ZIMCODD’s headquarters are in Harare with regional offices in Bulawayo, Chitungwiza and Mutare.

OUR VISION: Sustainable socio-economic justice in Zimbabwe through a vibrant people based movement.

Mission: To develop capacities of Zimbabwean people to redress the debt burden and unjust trade practices, building and promoting alternatives to neo-liberal agenda.

Objectives:

  • To raise the level of economic literacy among ZIMCODD members to include views and participation of grassroots and marginalized communities;
  • To facilitate research, lobbying and advocacy in order to raise the level of economic literacy on issues of debt, trade and sustainable development;
  • To formulate credible and sustainable economic and social policy alternatives;
  • To develop a national coalition, and facilitate the building of a vibrant movement for social and economic justice.

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