ZIMBABWE’s debt repayments to the World Bank (WB) and the International Monetary Fund (IMF) will take place in the fourth quarter between October and December this year, an official has said.

Zimbabwe owes an estimated $600 million to the African Development Bank (AfDB), $110 million to the IMF and $1 billion to the World Bank.This has made it difficult for the country to attract fresh lines of credit for the economy given the increased risk factor. The country’s creditors accepted the initial debt clearance strategy in Lima, Peru, last year.[button link=”http://www.chronicle.co.zw/zim-external-debt-clearance-set-for-fourth-quarter/” color=”default” size=”” type=”” shape=”” target=”_blank” title=”” gradient_colors=”|” gradient_hover_colors=”|” accent_color=”” accent_hover_color=”” bevel_color=”” border_width=”1px” shadow=”” icon=”” icon_divider=”yes” icon_position=”left” modal=”” animation_type=”0″ animation_direction=”down” animation_speed=”0.1″ alignment=”left” class=”” id=””]CLICK HERE FOR MORE INFO[/button]