Zim On Course To Clear AfDB Debt

By Talent Gondo- Zimbabwe is on course to clear its US$605 million debt to the African Development Bank (AfDB), which will allow the country to start accessing funds from the bank beginning early next year, the Minister of Finance and Economic Development,  Professor Mthuli Ncube has said.

In an interview on the sidelines of the ongoing 54th Meeting of the Boards of Governors of the AfDB and the 45th Annual Meeting of the African Development Fund being held in Malabo, Equatorial Guinea, Prof Ncube said the country was complying with requirements that will pave way for it to access funds.

He said:

“We are expecting it (funding) end of January or February next year because the roadmap requires Staff Monitored Programmes from the International Monetary Fund and we signed up to go through test dates and the last test date is in December or January next year and at that moment, if all goes well, we will finally access the monies.”

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