Zimbabwe to borrow $1.9bn from G7 countries

21 August, 2019 12:00 AM printer

HARARE: Zimbabwe plans to borrow 1.9 billion U.S. dollars from the Group of 7 industrialized states to clear its debts to the African Development Bank (AfDB) and the World Bank, Finance Minister Mthuli Ncube has said.

Mthuli said immediately after clearing the debt, Zimbabwe would seek 1 billion U.S. dollars from the two multilateral financial institutions to repay the G7 debt, the Herald newspaper reported Monday, reports Xinhua.