The Zimbabwe Tourism Authority (ZTA) has said that the Reserve Bank of Zimbabwe has committed itself to making monthly payments of $4 million in order to pay off a debt of $150 million which is owed to international airlines. Most major airlines had stopped all ticketing in Zimbabwe due to difficulties in the repatriation of foreign currency.
In a statement the ZTA said,
The team’s meeting with the Ministry of Finance and the RBZ discussed the IATA debt in great detail and a resolution to immediately address the skyrocketing repatriation debt was reached. A payment plan was agreed on and the Ministry of Finance through the RBZ would make significant monthly payment of $4 million a month towards the $150-million-dollar debt.
More: Daily News