May 3, 2020
In an April 2 letter to the heads of the IMF, World Bank, African Development Bank, Paris Club and European Investment Bank, Zimbabwe’s Finance Minister Mthuli Ncube sought debt relief and an arrears clearance program,
March 8, 2019
Finance Minister Mthuli Ncube visited the World Bank this week to engage on Zimbabwe’s debt, which now stands at US$1,3 billion. He also visited the International Monetary Fund (IMF) and met with its managing director Christine Lagarde and senior officials at the African Department to discuss a Staff-Monitored Programme; an agreement between country authorities and IMF staff to monitor the implementation of economic reforms. Ncube will also be going to France today, where the Paris Club, an informal group of creditor nations whose objective is to find workable solutions to payment problems faced by indebted nations, meets
June 12, 2019
Zimbabwe is on course to clear its US$605 million debt with the African Development Bank (AfDB), which will allow the country to start accessing funds from the bank early next year, Finance and Economic Development Minister Professor Mthuli Ncube has said. In an interview on the sidelines of the ongoing 54th Meeting of Boards of Governors of the AfDB and the 45th Annual Meeting of the African Development Fund, Prof Ncube said the country was complying with requirements that will pave way for it to access funds.