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Retired Major Moyo: Zimbabwe Committed to Clearing Debt Obligations

FILE: Zimbabwe's new foreign minister, Sibusiso Moyo, addresses diplomats and the media in Harare, Zimbabwe, Dec. 2017. He says there are “no angels” that should dictate his country’s foreign policy. (S. Mhofu/VOA)

LONDON (Reuters) - Zimbabwe is committed to clearing its debt obligations with the World Bank, African Development Bank and other financial institutions, Foreign Minister Sibusiso Moyo said on Monday.

The country needs to clear about $1.8 billion in arrears with the World Bank and the African Development Bank before it can tap other sources of development financing.

“We are committed to engaging with these key institutions as partners for growth in Zimbabwe, committed to clearing the outstanding debt with the World Bank and the African Development Bank, among others,” said Moyo, speaking in London at a Chatham House event.

“We believe that we are going to be able to meet all of our obligations.”

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