Mr Khupikile Mlambo, Deputy Governor of the Reserve Bank of Zimbabwe says the country is expected to make up for all its debt arrears to major international lenders by September.

Mlambo disclosed this to reporters at the sideline of the Londo Investment summit.

He said that the country could return to international capital markets after the payment

“The ball is in our court, it is not with the IMF or the World Bank or the African Development Bank,” he said.

Zimbabwe had been shut out of international capital markets since it began defaulting on its external debt in 1999.

In 2016, Zimbabwe paid off 15 years’ worth of arrears to the International Monetary Fund (IMF). It is still years behind on payments to the World Bank and African Development Bank, however, hampering its ability to tap development financing from the two.

Read more: https://bah.com.ng/2018/03/18/we-are-set-to-clear-external-debts-in-september-deputy-governor-of-the-reserve-bank-of-zimbabwe/

I wonder how much they are owing.