{"id":116502,"date":"2026-04-18T18:50:19","date_gmt":"2026-04-18T16:50:19","guid":{"rendered":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zim-courts-global-partners-for-us2-5bn-financing"},"modified":"2026-04-18T20:59:40","modified_gmt":"2026-04-18T18:59:40","slug":"zim-courts-global-partners-for-us2-5bn-financing","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zim-courts-global-partners-for-us2-5bn-financing","title":{"rendered":"Zim Courts Global Partners for US$2.5bn Financing"},"content":{"rendered":"

Africa-Press – Zimbabwe. <\/strong><\/span>HARARE, Apr. 15 (NewsDay Live) \u2013 Zimbabwe is in discussions with the UK, Germany, Japan, France, Algeria and other partners to secure US$2,5 billion in bridge financing to clear arrears to the African Development Bank (AfDB) and the World Bank, a move aimed at unlocking fresh capital, the finance minister Mthuli Ncube said on Wednesday.<\/p>\n

According to the Quarterly Public Debt Bulletin for December 2025, Zimbabwe\u2019s total public and publicly guaranteed debt stood at US$21,53 billion. The figure is lower than September\u2019s US$23,35 billion after Treasury excluded Reserve Bank of Zimbabwe liabilities amounting to US$2,24 billion.<\/p>\n

External debt accounts for US$11,7 billion, while domestic debt stands at US$9,8 billion. Of the external obligations, Zimbabwe owes the World Bank US$1,61 billion and the AfDB US$759 million.<\/p>\n

Clearing these arrears is expected to open access to medium- to long-term financing for priority projects under the National Development Strategy 2.<\/p>\n

\u201cIt is US$2,5 billion and we are \u2014 I won\u2019t use the word \u2018negotiations\u2019 \u2014 having conversations with potential sponsors for that bridge loan,\u201d Finance minister Mthuli Ncube said during an online briefing with local journalists on the sidelines of the ongoing IMF\/World Bank Spring Meetings.<\/p>\n

\u201cWe have conversations with the UK, Germany, Japan, France, Algeria and others \u2014 these are the countries we are engaging on this potential facility.\u201d<\/p>\n

Ncube said the bridge financing is specifically structured to settle arrears rather than fund new projects.<\/p>\n

\u201cThe bridge finance is a specific issue to clear the arrears; the arrears are known, so the US$2,5 billion reflects that position. It is a give-and-take arrangement,\u201d he said.<\/p>\n

\u201cIt is not general borrowing for development, but a short-term facility \u2014 effectively for 24 hours \u2014 backed by what we call the \u2018Set Aside\u2019 to clear the arrears. Once cleared, Zimbabwe can then access medium- to long-term financing.\u201d<\/p>\n

The \u201cSet Aside\u201d facility falls under the AfDB\u2019s Transition Support Facility \u2014 formerly the Fragile States Facility \u2014 which provides flexible financing to countries facing economic or institutional challenges.<\/p>\n

Ncube said progress was being made in securing institutional backing for the arrears clearance strategy.<\/p>\n

\u201cWe are at a stage where we are getting a champion from the African Development Bank, Dr Sidi Ould Tah, and I met him in Ivory Coast last week,\u201d he said.<\/p>\n

\u201cHe has agreed to come in as a champion, succeeding Dr Akinwumi Adesina, working alongside former Mozambican president Joaquim Chissano.\u201d<\/p>\n

However, Ncube stressed the need for additional partners to underwrite the bridge facility.<\/p>\n

\u201cWe need champions that can support us with the bridge financing to clear the World Bank and AfDB loans,\u201d he said.<\/p>\n

He outlined a two-step structure for the facility.<\/p>\n

\u201cFirst, there are \u2018soft windows\u2019 under the African Development Fund (ADF), which utilise grant-based resources within these institutions rather than commercial funding,\u201d Ncube said.<\/p>\n

\u201cSecond, a champion \u2014 or a group of them \u2014 provides the US$2,5 billion facility. Technically, the loan runs for a few hours, but we structure it as 24 hours to accommodate operational processes.\u201d<\/p>\n

The lenders would be repaid through the Set Aside mechanism within the multilateral development bank framework.<\/p>\n

\u201cIt is a unique structure that does not involve commercial terms such as securitisation,\u201d Ncube said.<\/p>\n

Zimbabwe is currently under a 10-month IMF Staff-Monitored Programme, which runs until December.<\/p>\n

For More News And Analysis About Zimbabwe<\/span> Follow Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Zimbabwe. HARARE, Apr. 15 (NewsDay Live) \u2013 Zimbabwe is in discussions with the UK, Germany, Japan, France, Algeria and other partners to secure US$2,5 billion in bridge financing to clear arrears to the African Development Bank (AfDB) and the World Bank, a move aimed at unlocking fresh capital, the finance minister Mthuli Ncube […]<\/p>\n","protected":false},"author":84,"featured_media":116500,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,6,8],"tags":[19],"class_list":["post-116502","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","tag-zimbabwe"],"yoast_head":"\nZim Courts Global Partners for US$2.5bn Financing - zimbabwe<\/title>\n<meta name=\"description\" content=\"HARARE, Apr. 15 (NewsDay Live) \u2013 Zimbabwe is in discussions with the UK, Germany, Japan, France, Algeria and other partn ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zim-courts-global-partners-for-us2-5bn-financing\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Zim Courts Global Partners for US$2.5bn Financing\" \/>\n<meta property=\"og:description\" content=\"HARARE, Apr. 15 (NewsDay Live) \u2013 Zimbabwe is in discussions with the UK, Germany, Japan, France, Algeria and other partn ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zim-courts-global-partners-for-us2-5bn-financing\" \/>\n<meta property=\"og:site_name\" content=\"zimbabwe\" \/>\n<meta property=\"article:published_time\" content=\"2026-04-18T16:50:19+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-04-18T18:59:40+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2026\/04\/sm_1776538716.440136.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"402\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zim-courts-global-partners-for-us2-5bn-financing#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zim-courts-global-partners-for-us2-5bn-financing\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Zim Courts Global Partners for US$2.5bn Financing\",\"datePublished\":\"2026-04-18T16:50:19+00:00\",\"dateModified\":\"2026-04-18T18:59:40+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zim-courts-global-partners-for-us2-5bn-financing\"},\"wordCount\":551,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zim-courts-global-partners-for-us2-5bn-financing#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2026\/04\/sm_1776538716.440136.jpg\",\"keywords\":[\"Zimbabwe\"],\"articleSection\":[\"all news\",\"Economy\",\"head lines\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zim-courts-global-partners-for-us2-5bn-financing#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zim-courts-global-partners-for-us2-5bn-financing\",\"url\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zim-courts-global-partners-for-us2-5bn-financing\",\"name\":\"Zim Courts Global Partners for US$2.5bn Financing - 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