Zimbabwe must clear debts to get funds

Zimbabwe needs to clear its debts to access funds from the international market, Bankers Association of Zimbabwe (BAZ) president, Sam Malaba has said.

Malaba said the country's international re-engagement with multi-lateral financial institutions was being hampered by a hug external debt, which he said needed to be re-paid to access international finance.

The country has an external debt of $6,8 billion, arrears to multilateral institutions of $2,2 billion, Paris Club arrears of $1,7 billion and $6 million owed to non-Paris Clubs.