Friday, July 01, 2016

Africa Confidential Announces Zimbabwe Investment Conference

Zimbabwe Close to Historic Debt Rescheduling; Leading Ministers Heading to London Conference to Explain Detail, Answer Questions

Africa Confidential reports:

This week the government is to finalise its agreement to repay some US$1.8 billion of arrears to multilateral financial institutions triggering its re-entry into the international financial system after almost two decades in the cold. The news comes as Zimbabweans continue to struggle with a chronic shortage of the US dollar bills, the main denomination in the country’s multi-currency financial system, and the government has announced it will be phasing the payment of salaries for June over the next three weeks.

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Related: 175 Quadrillion Zimbabwean Dollars Are Now Worth $5