Paris Club rejects debt relief request from Zimbabwe citing human rights

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The group, which represents creditor nations including members of the OECD, was owed more than $3bn by Zimbabwe 2018

Health workers protest economic hardship during the coronavirus pandemic in Harare, Zimbabwe, on July 6 2020. Picture: REUTERS/PHILIMON BULAWAYO

The letter, seen by Bloomberg, was in response to an April 2 appeal by Ncube to the heads of the International Monetary Fund, World Bank, African Development Bank, Paris Club and European Investment Bank seeking an arrears-clearance programme and debt relief. Zimbabwe’s relations with multilateral lenders have been strained for almost 20 years as it gas failed to meet payments and a series of elections were marred by violence and irregularities.

Schwan Badirou Gafari, secretary-general of the Paris Club, declined to comment, as did Clive Mphambela, a spokesperson for Zimbabwe’s treasury.

 

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