Zimbabwe: Government Makes Available U.S. $70 Million to Boost Economy

The inclusive government and the Africa Export Import Bank (Afreximbank) on Monday unveiled a US$100 million joint loan facility to try to revive the country's economy.

The US$100 million line of credit that will benefit the private sector saw Afrexim bank contributing US$50 million, while the government chipped in with US$20 million to the fund, which will be channeled through banks. It is expected that another financial institution will chip in with some cash to push the funds to US$100 million.

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