Zimbabwe first defaulted on repayments to the World Bank in 2000.
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World Bank paints bleak economic outlook for Zim

WORLD Bank country senior economist Stella Ilieva yesterday painted a gloomy picture of the Zimbabwean economy which she said deteriorated sharply over the last two years, leaving 5,5 million people poorer. She chillingly warned that Zimbabwe’s “poverty is likely to increase” unless the government puts in place mechanisms that would ensure prices of goods and…

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