CHINA WRITES OFF MUGABE ERA DEBTS
China has written off “substantial” interest free loans
borrowed by Zimbabwe during the late former president Robert Mugabe’s final
years in power, giving relief to a country that the International Monetary Fund
(IMF) says is in ‘debt distress’.
Zimba…
China has written off “substantial” interest free loans
borrowed by Zimbabwe during the late former president Robert Mugabe’s final
years in power, giving relief to a country that the International Monetary Fund
(IMF) says is in ‘debt distress’.
Zimbabwe currently owes a combined US$17,5 billion to
foreign and local creditors.
Of this amount, about US$14 billion is owed to foreign
creditors.