Zimbabwe: Time Running Out for Nation Over AfDB Loan Facility

Arusha — TIME is running out for Zimbabwe to access the US$500 million facility availed by the African Development Bank (AfDB) for countries with outstanding arrears to the bank ahead of its review in September 2012.

Zimbabwe, alongside Somalia and Sudan, have outstanding arrears to the bank and the facility in place is on a first come first served basis, Ebrima Faal, AfDB's director for the Southern Region told Standardbusiness last week.

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