UK to support Zimbabwe clear its arrears

UK to support Zimbabwe clear its arrears
Published: 18 September 2018 (254 Views)
The United Kingdom says it will support Zimbabwe to clear its arrears with the International Monetary Fund (IMF) and the World Bank.

Outgoing British Ambassador Catriona Laing advised on this development after paying a courtesy call on Zimbabwe's Finance and Economic Development Minister, Professor Mthuli Ncube.

The commitment by Britain to assist Zimbabwe clear its US$1.8 billion arrears to the Bretton Woods institutions carves a new chapter for Zimbabwe's economic resurgence programmes.

During a meeting with Professor Ncube today, Ambassador Laing indicated that her country stands ready to support Zimbabwe to get on an interim IMF staff programme soon that will facilitate the clearance of debt arrears.

Professor Ncube hinted to various options that the country may exploit to get back on the IMF programme while also stating that a stabilisation programme will be unveiled next month to retain normalcy within the economy.

Zimbabwe and Britain relations have thawed over the last 12 months translating to critical facilities such as the US$100 million facility by Standard Chartered Bank and the latest US$250 million facility by a private firm that continues to quench the lending drought experienced for close to two decades.

- zbc

Tags: uk, zimbabwe, arrears,
 0

You May Like These Videos

Comments

There are no comments.

Latest stories

Callistus Ndlovu's body expected in Zimbabwe tomorrow

by Staff reporter | 17 February 2019 | 41 Views

Zimbabwe urgently needs own currency

by Edmore Ndudzo | 17 February 2019 | 48 Views

Tafataona Mahoso: A man of many hats

by Staff writer | 17 February 2019 | 78 Views

Anger at Mnangagwa over CEOs snub

by Staff reporter | 17 February 2019 | 78 Views

More bad news for Mnangagwa

by Staff reporter | 17 February 2019 | 116 Views

Mnangagwa tightens his security

by Staff reporter | 17 February 2019 | 81 Views

Zimbabwe maize harvest forecast at 900 000t

by Staff reporter | 17 February 2019 | 62 Views

Mnangagwa admits deploying military crackdown

by Staff reporter | 17 February 2019 | 157 Views

Mutambara pays tribute to 'literary giant' Mungoshi

by Staff reporter | 17 February 2019 | 118 Views

Chiwenga still in Indian hospital

by newzimbabwe | 17 February 2019 | 172 Views

Auxilia Mnangagwa's hand exposed in Zanu-PF youth league ructions

by newzimbabwe | 17 February 2019 | 162 Views

Zimbabwean facing UK deportation says fears being 'killed' at home

by Staff reporter | 17 February 2019 | 137 Views

Bushiri's private jet attached

by news24 | 17 February 2019 | 116 Views

24 bodies retrieved from flooded Zimbabwe gold mine

by AFP | 17 February 2019 | 114 Views

Mnangagwa launches crackdown on illegally settled farm occupiers

by newzimbabwe | 17 February 2019 | 111 Views

Mnangagwa claims that fuel and wheat shortages already fixed

by Staff reporter | 17 February 2019 | 131 Views

AFM drama continues

by Staff reporter | 17 February 2019 | 149 Views

Smart agriculture will boost economy

by Staff reporter | 17 February 2019 | 111 Views

Masowe woman in record breaking home deliveries

by Staff reporter | 17 February 2019 | 140 Views

Chamisa, Mnangagwa dialogue is not about power-sharing

by Nick Mangwana | 17 February 2019 | 135 Views

Zimbabwe unlikely to renew Bureau Veritas deal

by Staff reporter | 17 February 2019 | 102 Views

We remain committed to media liberalisation

by Hon. Monica Mutsvangwa | 17 February 2019 | 107 Views

City dwellers to get food relief

by Staff reporter | 17 February 2019 | 101 Views

Govt begins receiving applications for voluntary retirement

by Staff reporter | 17 February 2019 | 125 Views

MDC Alliance lie has no legs

by Staff writer | 17 February 2019 | 121 Views

Mnangagwa aware of Chamisa's renewed bid to relaunch violent protests

by Staff reporter | 17 February 2019 | 111 Views

Chamisa to bring everyone to Harare for a Mother of All Demonstrations

by Staff reporter | 17 February 2019 | 91 Views

NRZ slashes commuter train fares

by Staff reporter | 17 February 2019 | 101 Views

Selmor relives childhood in Tuku household

by Staff reporter | 17 February 2019 | 64 Views

Sex makes Zodwa Wabantu fat

by Staff reporter | 17 February 2019 | 128 Views

Bosso end pre-season training

by Staff reporter | 17 February 2019 | 103 Views

First private teachers' college opens doors

by Staff reporter | 17 February 2019 | 75 Views

'Mnangagwa invite a step in right direction'

by Staff reporter | 17 February 2019 | 87 Views

Zimta CEO earns around $10 000 before deductions?

by Staff reporter | 17 February 2019 | 77 Views

Haddon and Sly suspends workers

by Staff reporter | 17 February 2019 | 58 Views

Bulawayo water shedding worsens

by Staff reporter | 17 February 2019 | 64 Views

Bosso, Dembare face collapse

by Staff reporter | 17 February 2019 | 57 Views