The African Development Bank (AfDB) Group has approved a 4-million-U.S.-dollar grant to support Zimbabwe’s debt clearance efforts and re-engagement with the international financial community.
In a statement on Monday, the AfDB said the approval marks a critical step in Zimbabwe’s re-engagement. The funding will finance Zimbabwe’s Arrears Clearance Dialogue Enhancement Project (ZACDEP), which is aimed at strengthening dialogue and reforms needed to advance the country’s arrears clearance process, News.az reports, citing Xinhua.
“To be implemented by the Zimbabwean government over a 36-month period (June 2026-May 2029), ZACDEP aims to strengthen dialogue and build consensus on the…