Search
  1. Home
  2. Southern Africa
  3. Zimbabwe

Talks with WB on loan suspension

    JOHANNESBURG

    The World Bank said in a statement on Wednesday that talks are underway with the Zimbabwe government over the Bank’s suspension of a US $140 million loan to support the country’s economic reform programme.

    A meeting of the Bank’s Board on Thursday to discuss the loan was cancelled. The Bank said “we hope to go to the Board in the near future” after the successful conclusion of talks with the government.

    The statement said the loan suspension was due to Zimbabwe’s failure to meet financial targets agreed with the International Monetary Fund (IMF). A Zimbabwean government official told IRIN on Wednesday the programme loan was conditional on Zimbabwe meeting the IMF targets, but the Bank was still releasing project financing for specific development schemes.

    This article was produced by IRIN News while it was part of the United Nations Office for the Coordination of Humanitarian Affairs. Please send queries on copyright or liability to the UN. For more information: https://shop.un.org/rights-permissions

    Share this article

    Our ability to deliver compelling, field-based reporting on humanitarian crises rests on a few key principles: deep expertise, an unwavering commitment to amplifying affected voices, and a belief in the power of independent journalism to drive real change.

    We need your help to sustain and expand our work. Your donation will support our unique approach to journalism, helping fund everything from field-based investigations to the innovative storytelling that ensures marginalised voices are heard.

    Please consider joining our membership programme. Together, we can continue to make a meaningful impact on how the world responds to crises.

    Become a member of The New Humanitarian

    Support our journalism and become more involved in our community. Help us deliver informative, accessible, independent journalism that you can trust and provides accountability to the millions of people affected by crises worldwide.

    Join