Britain To Extend Financial Support to Zim

Britain could extend financial support to Zimbabwe to help stabilize its economy and clear its debts💵 with international lenders but such support will be linked to ‘democratic progress, foreign secretary Boris Johnson has said.

Zimbabwe🇿🇼 owes the World Bank and the African Development Bank a combined $1,8 billion in arrears emanating from loans contracted in the 1990s, ruling out any aid from the agencies.

“Those are indeed the things that we would try to do to help Zimbabwe forward, but we’ve got to see how the democratic process unfolds,” Johnson said on the sidelines of an African Union-EU summit in Abidjan, Ivory Coast.

UCJ, UNILORIN.