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<p>The Government of Zimbabwe has been in arrears to the International Financial Institutions
for over a decade. This prevents Zimbabwe from accessing any new financing for development
from the World Bank, IMF and African Development Bank.</p><br /><p>The Government
of Zimbabwe presented its plans to clear multilateral arrears at a side meeting during
the World Bank and IMF Annual Meetings, in October. Bilateral creditors at the meeting,
including the UK, broadly welcomed the intention of the Government of Zimbabwe to
work towards arrears clearance, but stressed that implementation of reforms would
be necessary to achieve debt resolution.</p><br />
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