ZIMBABWE TO BORROW US$1.9BN FROM G7 NATIONS TO PAY DEBTS

ZIMBABWE TO BORROW US$1.9BN FROM G7 NATIONS TO PAY DEBTS

Zimbabwe plans to borrow fund from G7 nations but is that a wise choice? Zimbabwe Government is planning to borrow US$1,9 billion from G7 nations in order to pay their debts. The G7 nations which are France, Italy, Canada, Germany, United States, Japan and United Kingdom. The funds will be use to clear debts to the African Development Bank (AfDB) and World Bank according to Minister of Finance and Economic Development Mthuli Ncube. Speaking during…

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