HARARE: The International Monetary Fund has warned Zimbabwe not to take on additional debt under non-concessionary terms, as the country pursues its arrears clearance plan with multilateral lenders.

Last year the southern African nation, which has been in arrears since 2001, used its allocation of Special Drawing Rights (SDRs) to settle a $108 million debt owed to the IMF′s Poverty Reduction and Growth Trust (PRGT) but it still owes the World Bank $1,7 billion in arrears.