In a bid to portray President Emmerson Mnangagwa’ s US Trip as a huge success a state run paper has claimed that the Zanu PF strongman has impressed several international institutions.

According to paper, The World Bank will support Zimbabwe’s economic recovery and international debt
clearance efforts, a senior official of the multilateral lender has said.

Yesterday, World Bank vice president for Africa Mr Hafez Ghanem said he was supportive of President Mnangagwa’s agenda regarding cooperation with international
lenders, claimed the publication.

Mr Ghanem made the remarks after
emerging from a meeting with President Mnangagwa here, where the Zimbabwean leader is attending the 73rd Ordinary Session of the United Nations General Assembly.
In 2015, Zimbabwe adopted the Lima Plan to clear debt arrears, and President Mnangagwa’s Government has revived it as part of a broader strategy to attract fresh lines of credit and foreign direct investment
(FDI).

Zimbabwe has cleared arrears to the IMF, but its owes the World Bank around $1 billion, which resulted in suspension of balance of payments (BOP) support.

Beyond that, the US sanctions law— the Zimbabwe Democracy and Economic Recovery Act — has for close to two decades restricted Zimbabwe’s access to lines of
credit from multilateral lending institutions.

Zidera bars any American citizens who sit on boards of international financial institutions from authorising credit to Zimbabwe.