The African Development Bank said it’s working with Zimbabwe’s government to find a “sustainable solution” to settle its debt arrears and enable the state to start borrowing again.
According to the bank’s country manager Damoni Kitabire, the AfDB, which Zimbabwe owes $600 million, has reached a consensus with other lenders including the International Monetary Fund and World Bank about how the state should settle its dues.
Said Katabire:
The emphasis for us is let’s find an option that will ensure at the end of the day Zimbabwe’s debt is sustainable.Our problem in Zimbabwe is entirely with the arrears that Zimbabwe owes us.
More; Bloomberg
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