Zimbabwe is in talks with the African Development Bank (AfDB) for a $150 million loan aimed at addressing debt arrears, Finance Minister Mthuli Ncube says. According to the reports, the discussions are part of broader efforts to clear billions of dollars in outstanding debt obligations. Ncube previously flagged in April that Zimbabwe was engaging with a range of creditors and countries, including the UK, Japan and Germany, as it works toward resolving arrears.
The outlets describe the AfDB loan talks as a component of Zimbabwe’s strategy to manage and settle arrears rather than a standalone measure. The statements place the focus on obtaining external financing to support negotiations and settlement processes connected to debt default.
While the reports do not provide details on the AfDB’s terms, timing, or conditions, they consistently indicate that the finance minister is leading discussions and that Zimbabwe is seeking the $150 million amount to support clearing debt arrears.
