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Home » AfDB backs Zim’s debt resolution bid
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AfDB backs Zim’s debt resolution bid

written by Adelaide Moyo, Group Managing Editor 0 comments
The AfDB remains Zimbabwe’s lead partner in the arrears clearance process
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THE African Development Bank (AfDB) Group has committed to supporting Zimbabwe’s debt clearance strategy after approving a three-year technical and financial initiative meant to accelerate engagements with creditors. The US$4 million grant will specifically finance the Zimbabwe Arrears Clearance Dialogue Enhancement Project (ZACDEP), aimed at strengthening dialogue and reforms needed to advance the country’s arrears…

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Adelaide Moyo is a business and financial journalist based in Zimbabwe. With a keen eye for detail and a deep understanding of market complexities, Adelaide consistently breaks down complex financial concepts and business trends into accessible, compelling narratives for a diverse readership. She specialises in areas such as macroeconomics, corporate finance, investment, and the critical issues impacting Zimbabwe's economy, including currency volatility, the informal sector, climate change, and illicit trade. Adelaide is a recipient of national awards for her reporting in different sectors of the economy. She is also a member of the Oxford Climate Journalism Network.

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