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Mthuli Ncube: Unnamed financier dumps country halfway through negotiations for a funding deal

Professor Mthuli Ncube

Mthuli Ncube: Unnamed financier dumps country halfway through negotiations for a funding deal. Zimbabwe’s efforts to clear its arrears with international lenders who include the World Bank and the African Development Bank have hit a snag after an unnamed financier dumped the country halfway through negotiations for a funding deal.

Finance Minister Mthuli Ncube told Parliament that Government had gone back to the drawing board in a bid to secure new financiers to help extinguish its international obligations. Ncube said the country had resumed its token payments to contain debt accumulation.

Source – Bulawayo24

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