World Bank urges Zimbabwe to seek G20 aid to avoid 5-year debt frustration
Delegates arrive for the opening plenary session of the G20 Finance and Central Bank Deputies Meeting at the Cape Town International Convention Centre in South Africa on February 24, 2025.
The World Bank has advised Zimbabwe to seek the support from the Group of 20 wealthiest nations (G20) in order to resolve its 25-year debt crisis.
Harare owes the World Bank and other creditors $21 billion, and there are fresh signs that the debt problem is worsening. President Emmerson Mnangagwa has tried pitching solutions to creditors in a series of shuttle diplomacy conferences, but these have yielded no tangible results.
