Zimbabwe far behind in repaying debt, says African Development Bank
Bank encourages government to put economic and political reforms in place
Harare — Zimbabwe is “way behind” in clearing its $700m arrears to the African Development Bank (AfDB), the bank’s top official in Harare told Business Day last week.
Zimbabwean finance minister Mthuli Ncube had hoped to clear the arrears owed to AfDB and the World Bank by the end of 2019 to qualify for new loans from international financial institutions. But instead the country has succeeded only in growing its arrears...