National debt negatively impacting on women: Zimcodd

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  • Misappropriation of public funds affecting women
  • Women indirectly affected by reduction in public service funding

THE Zimbabwe Coalition on Debt and Development (Zimcodd) on Monday said Zimbabwe’s debt crisis had gendered socio-economic implications, with women mostly bearing the brunt.

The cost of servicing the debt and attached condition’s were reportedly disproportionately borne by women.

According to a statement by Zimcodd, women carried unremunerated care tasks, including looking for alternative sources for power-cuts and water.

“The unsustainable debt continues to divert resources meant for public service delivery in the country, something which had increased the burden of women,” noted the statement.

Zimbabwe’s external debt stood at US$8 billion as at September 30, 2019 as presented in the 2020 National Budget statement.

Consequently, the impact of this has been to strain government’s efforts to promote gender equality.

The statement by Zimcodd also said some of the gendered implications of Zimbabwe’s debt crisis on women were further being fuelled by the diversion of monetary resources from public service to debt servicing.

“It is women who go out of their way to fill the gap in providing services that could have been provided by government,” also read the statement.

The deliberate cut of government public expenditure and diversion of public funds from public investments were said to be threatening the realisation of women’s rights.

Meanwhile, Zimcodd has noted that despite the existence of enabling legal frameworks, women’s rights concerning debts continue to be variously and subtly violated.

Zimcodd said women’s rights were guaranteed by the law but not respected in practice.

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