Paris Club rejects debt relief request from Zimbabwe citing human rights
The group, which represents creditor nations including members of the OECD, was owed more than $3bn by Zimbabwe 2018
07 July 2020 - 15:14
Johannesburg/Harare — One of Zimbabwe’s biggest creditors rejected a government request for debt relief until it improves its human rights record and pays arrears on outstanding debt.
The country’s plea for relief was rebuffed in a June 12 letter to Zimbabwean finance minister Mthuli Ncube from Odile Renaud-Basso, chair of the Paris Club. The group, to which Zimbabwe owed $3.26bn in 2018, represents creditor nations including members of the Organisation for Economic Co-operation and Development...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.