World Economy

Zimbabwe to Clear $1.8b in Arrears

Zimbabwe to Clear $1.8b in ArrearsZimbabwe 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.