Printer-friendly versionSend by emailPDF version

Zimbabwean Finance Minister Tendai Biti has said that Zimbabwe won't be able to tap into a US$ 30 billion fund run by the African Development Bank to help member states over the next five years because it must first clear debt arrears to the AfDB, the World Bank and the International Monetary Fund. Zimbabwe owes the AfDB a total of US$ 400 million, the World Bank US$ 1.2 billion and the International Monetary Fund US$ 140 million. Its total foreign debt amounts to some US$ 8 billion.