Zimbabwe Targets Debt Arrears Clearance by March 2027

[Yesha]

Zimbabwe hopes to clear its arrears with international lenders by March next year, Finance Minister Mthuli Ncube says.The country owes US$21.7bn, including US$11.7bn to foreign creditors. Arrears and penalties account for US$8.3bn.Government is seeking bridge financing. This is a temporary loan to clear overdue debts and allow Zim to once again access cheaper, long-term funding.China has agreed to restructure some of Zimbabwe’s debt, with repayment periods extended by 10–15 years and some loans placed on more favourable terms.

 

[Bemendazole]

Good move!