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Expedite and bring to finality the resolution of the country’s external debt arrears, under the LIMA Plan. 

In Progress

Zimbabwe Asks IMF and World Bank for Help to clear debt arrears

Bloomberg

    

May 3, 2020

In an April 2 letter to the heads of the IMF, World BankAfrican Development Bank, Paris Club and European Investment Bank, Zimbabwe’s Finance Minister Mthuli Ncube sought debt relief and an arrears clearance program,

Previous Updates

Zimbabwe lays out external debt repayment plan

The Zimbabwe Mail

    

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

Zim to clear US$605 Million debt with the African Development Bank (AfDB)

Herald

    

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.

    

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