Treasury in US$2.5bn bailout bid
…race to clear arrears and reopen access to global capital markets
STAFF WRITERS Zimbabwe is seeking a US$2.5bn bailout, as Treasury races to clear long-standing debt arrears to the World Bank, African Development Bank and a range of bilateral creditors including Paris Club and non-Paris Club creditors, a move aimed at extricating the country from its more than two decades of financial isolation, and restore access…
