Zimbabwe says to clear $1.86 billion arrears by next April - CNBC Africa

Zimbabwe says to clear $1.86 billion arrears by next April

Southern Africa

by Reuters 0

Zimbabwe says to clear $1.86 billion arrears by next April. PHOTO: ZimbabweElections

Zimbabwe's finance minister said on Friday that the southern African nation would clear arrears of 1.86 billion US dollars owed to international creditors such as the International Monetary Fund by the end of next April.

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"The strategy that was presented by government entails clearing Zimbabwe's arrears ... through a combination of using the country's own resources, arrangement of bridge finance with regional and international banks and the usage of bilateral loans," Patrick Chinamasa said in a statement.

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