Zimbabwe to Clear $1.8b in Arrears
World Economy

Zimbabwe to Clear $1.8b in Arrears

Zimbabwe’s finance minister said on Friday that the southern African nation would clear arrears of $1.86 billion owed to international creditors such as the International Monetary Fund by the end of next April, according to Reuters. “The strategy that was presented by government entails clearing Zimbabwe’s arrears ... through a combination of using the country’s own resources, arrangement of bridge finance with regional and international banks and the usage of bilateral loans,” Patrick Chinamasa said in a statement.

Short URL : https://goo.gl/yXIEl4
  1. https://goo.gl/Or19N5
  • https://goo.gl/9evyQh
  • https://goo.gl/hF0C5E
  • https://goo.gl/QxoGyE
  • https://goo.gl/eCZgxo

You can also read ...

Cambodia’s economic outlook remains positive, but is subject to downside risks.
The IMF Managing Director Christine Lagarde expressed optimism...
More and more Thai merchants are integrating WeChat Pay and Alipay’s systems to cater to tourists.
The internet has changed the way most people live. Through...
More India Bank Frauds Revealed
Over 25,800 fraud cases involving about Rs179 crore ($1.79...
Germany to Push for Free Trade at G20
Germany’s new Finance Minister Olaf Scholz warned on Sunday...
Free trade achieves more good for the planet.
US President Donald Trump’s steel tariffs have brought the...
Qatar Calls to Investigate UAE Bank’s Bogus Deals
Qatar has asked US regulators to investigate the US subsidiary...
EU Readies Tax on US Technological Titans
The European Union will next week unveil plans for a digital...
Apparel imports from ASEAN are growing, spurred by low labor costs  in such countries as Vietnam.
Import prices for apparel and daily goods in Japan plunged...