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AfDB approves US$4 million grant for Zimbabwe debt clearance

The African Development Bank Group (AfDB) has approved a US$4 million grant to support Zimbabwe’s efforts to clear its debt arrears and re-engage with the international financial community. The funding will finance the Zimbabwe Arrears Clearance Dialogue Enhancement Project (ZACDEP), aimed at strengthening dialogue and reforms needed to advance the country’s arrears clearance process. “This…

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