Zimbabwe: U.S.$1 Billion Bailout - Govt Jumps the Gun

The debt-ridden and broke Zimbabwe government has secured a US$1 billion bailout to pay off their World Bank's arrears, piling more pressure on the sinking ship due to a huge debt albatross and deindustrialisation stemming from a myriad of macro-economic challenges militating against productivity.

Analysts say government should instead be funding productivity to grow the national cake and leave room for repaying the legacy loans and arrears.

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