27628
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 ...

RBA has also softened its objections  to a higher Australian dollar.
Australia’s central bank sees no need to follow its peers...
Kenya’s debt is currently at $38.7b.
Kenya’s rising debt is set to hit 60% of gross domestic...
Catalonia Crisis Adding New Problems to Spain Economy
 The escalating political crisis in Catalonia has prompted...
US Industrial Output Picks Up
US industrial output rose in September as the effects of...
Int’l Observers Update Vietnam Growth Forecasts
International organizations are continuing to show optimistic...
More and more people in Europe are now able to find a job.
The European Commission published its yearly report on Labor...
UK Economy Will Struggle Past 2018
The UK economy will continue to struggle for the rest of this...
Airbus Invests in Bombardier Program
Airbus will acquire a majority stake in Canadian firm...

Trending

Googleplus