Zimbabwe Resumes Payments to Paris Club of Creditors, Ncube Says

Government has begun making token payments to Paris Club for first time in more than 20 years, Finance Minister Mthuli Ncube says at conference in capital, Harare.

• “We have also begun an arrears and debt-clearance strategy to the AfDB, World Bank, European Investment Bank,” Ncube says
• Government fine-tuning foreign-currency auction system to close gap between official exchange rate, and parallel-market rate
• NOTE: Aug. 25, Zimbabwe to Use Part of IMF Funding to Prop Up Currency (1)
• NOTE: July 29, Zimbabwe to Start Repaying Paris Club of Creditors This Year (1)

To contact the reporter on this story:
Godfrey Marawanyika in ...