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G7 nations ready to bail out Harare
26 Oct 2018 at 08:17hrs | Views
Zimbabwe is expected to secure funding assistance from bilateral partners within the Group of 7 (G7) wealthiest countries to clear its $2,1 billion arrears to the African Development Bank (AfDB) and World Bank, as it seeks to regain debt sustainability in order to re-open lines of credit from multi-lateral lenders.
The Group of Seven (G7) is an informal gathering of seven wealthiest countries in the world, which meet each year to discuss topical issues of the day, including economies.
It comprises Canada, France, Germany, Italy, Japan, United Kingdom and United States while the European Union also has representation.
G7 nations represent more than 62 percent of the global net wealth - amounting to a whopping $280 trillion.
The Group of Seven (G7) is an informal gathering of seven wealthiest countries in the world, which meet each year to discuss topical issues of the day, including economies.
G7 nations represent more than 62 percent of the global net wealth - amounting to a whopping $280 trillion.
Source - Business Weekly
