Zim To Clear International Debts Within Two Years – Mthuli Ncube

 

Minister of Finance and Economic Development Mthuli Ncube has said that if all goes well Zimbabwe will have managed to clear its international debts within two years. Ncube claimed that Zimbabwe had received support from an unnamed creditor country. Speaking to NewsDay, Ncube said,

Under the Lima Plan — the previous debt clearance plan from 2016 — we had a country in Africa (Algeria) that was going to be one of the sponsors. That’s not the case this time, this time one of the sponsors will be one of the creditor countries themselves…By this time next year, I would like us to have cleared the AfDB and the World Bank arrears and we will have deep conversations on the Paris Club. By end of next year, if all goes well, we should be having a debt restructuring plan by December 2019. But certainly within the two years of the TSP, the faster the better.

More: NewsDay

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