Zimbabwe targets US$2,7 billion remittances

Rising debt levels and projected double-digit declines in official development assistance have highlighted the dire need for action plans that will enable Africa to pay for its own development, the African Tax Administration Forum (Ataf) cautions.

TREASURY says remittances are projected to increase by 4,9 percent to US$2,7 billion in 2025 from US$2,6 billion in 2024, sustaining a positive current account balance.Minister of Finance, Mthuli Ncube, said this comes as remittances increased by 7,1 percent to US$635,2 million in the first quarter of 2025, from US$593,2 million in the comparable period…

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