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# Zimbabwe seeks $150 million AfDB loan to address debt default and arrears
- URL: https://www.theglobalbanker.com/zimbabwe-sought-150-million-afdb-loan-to-address-debt-default-and-arrears/
- Published: 2026-06-11T10:10:19.000Z
- Updated: 2026-10-02T10:07:19.000Z
- Description: Zimbabwe's finance minister said the government sought a $150 million loan from the African Development Bank to help tackle a long-running debt default and clear billions of dollars in arrears.
- Author: TGB Editorial Team
- Tags: Banking News, Africa

Zimbabwe sought a $150 million loan from the African Development Bank to address a long-running sovereign debt default and to clear billions of dollars in arrears, Finance Minister **Mthuli Ncube** said.

#### LOAN PURPOSE AND GOVERNMENT INTENT

According to a Bloomberg report carried by Moneyweb, the loan talks with the African Development Bank are part of Harare's efforts to clear billions of dollars of debt arrears.

#### WIDER ARREARS-CLEARANCE EFFORTS

The talks add to efforts Ncube flagged in April to raise $2.5 billion from countries including the UK, Japan and Germany. The AfDB approved a $4 million grant in May to support the arrears clearance process, and Zimbabwe reached a staff-level agreement with the International Monetary Fund on a staff-monitored programme in February.

**Sources:** [Moneyweb SA](https://www.moneyweb.co.za/news/africa/zimbabwe-seeking-150m-afdb-loan-to-tackle-debt-default/)