Browsing: TDB

  • African Development Bank (AfDB) President Dr. Akinwumi Adesina says he has accepted President Emmerson Mnangagwa’s request for the bank to lead the country’s debt repayment strategy
  • Although Zimbabwe cleared its arrears to the IMF in 2016, it cannot access funding from the Bretton Woods institution because of the money it owes to the World Bank, AfDB, and European Investment Bank
  • Zimbabwe is choking under mounting international debt as it begins to pay the price for borrowing heavily from China for infrastructure projects at the tail end of Robert Mugabe’s rule.
  • The Southern African country is also making token payments to all its foreign financiers’ woes, including the Paris Club, which has 17 members, the World Bank, and the African Development Bank (AfDB)

In May, President Mnangagwa requested the African Development Bank (AfDB) to lead Zimbabwe’s debt repayment strategy as the country sought to expunge its unsustainable debt overhang.

According to …