Kaire Mbuende, the executive secretary of the Southern African Development Community (SADC) on Thursday called on the G-7 countries to cancel the debt of the SADC member states Malawi, Mozambique, Tanzania, Zambia and Zimbabwe.
Speaking to reporters in Namibia, Mbuende said it was unfortunate that the G-7 countries, through the International Monetary Fund (IMF), have so far only identified Mozambique as qualifying for a debt write off.
"In addition to Mozambique, Malawi, Tanzania, Zambia and Zimbabwe
currently spend about 80 percent of their gross domestic product each on debt servicing annually," Mbuende said. He added: "Debt is too harmful to the poorest of our communities, therefore, I am appealing for total debt write-off for these four countries."
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