Zim is unable to pay $1.8 billion in arrears to the World Bank and African Development Bank (AfDB) - Chinamasa
![Zim is unable to pay $1.8 billion in arrears to the World Bank and African Development Bank (AfDB) - Chinamasa](/_next/image/?url=https%3A%2F%2Fzero.pindula.co.zw%2Fmedia%2Fnews%2Farticles%2Fzim-is-unable-to-pay-18-billion-in-arrears-to-the-world-bank-and-african-_b891b26.webp&w=640&q=75)
Minister of Finance Patrick Chinamasa has revealed that the country will not be able pay $1.8 billion in arrears to the World Bank and African Development Bank (AfDB) until economic fundamentals improve. Chinamasa revealed this in a radio interview with media personality Ruvheneko Parirenyatwa on CapitalkFM. Said Chinamasa:
When we think that the economic fundamentals of our economy are right, we then are in a position to repay the World Bank and the AfDB.
FeedbackWe need to put ourselves in a position that is sustainable in terms of honouring our obligations. So, to that extent the ball is in our court.
Zimbabwe’s total foreign debt is more than $7 billion.
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