Zimbabwe Says It’s on Course to Clear $1.8 Billion Loan Arrears

  • Country negotiating for new financing after arrears clearance
  • Government ‘frantically’ looking for money for state workers

Zimbabwe will clear the $1.8 billion of arrears it owes the the World Bank, International Monetary Fund and African Development Bank once it has a new financing plan with the three multilateral lenders, Finance Minister Patrick Chinamasa said.

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