The Zimbabwean government received US$210 million in foreign loans for various infrastructure projects during the first half of the year, the country’s central bank said.
Reserve Bank of Zimbabwe governor, John Mangudya, said in a monetary policy statement that the bank had negotiated with financial institutions, including regional African lenders as well as the Development Bank of Belarus.
According to Reuters news agency, the World Bank, International Monetary Fund and traditional Western donors have withheld support to Zimbabwe since 1999. The country is reportedly saddled with around US$9 billion in foreign debt.
Zim receives foreign loan funding for infrastructure
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