AfDB backs Zim’s debt resolution bid

The AfDB remains Zimbabwe’s lead partner in the arrears clearance process

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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