Group items tagged

This article described Zimbabwe's financial situation which is that they owe the International Monetary Fund (IMF) $142 million and they can not loan Zimbabwe anymore money until the current debt is paid of. This really opened my eyes to how serious the debt of African nations is.

This news article is another on Zimbabwe's massive debt, but this time the debt lies with China. They recently paid China $180 million of a loan taken years ago to keep China on their side. This article seems a little odd to me since they also owe the IMF around the same amount, but China was paid first. Its now obvious of Zimbabwe's financial problems.