Does Mugabe’s Govt Plan to Accumulate More Debt?
Finance minister Patrick Chinamasa’s pledge that the Reserve Bank of Zimbabwe (RBZ) will continue to give exporters incentives under a $200 million African Export-Import Bank (Afrexim Bank) loan scheme has raised eyebrows that the government wants to contract more debt. The loan facility was used to back the printing of bond notes, a United States […]
OFID Signs Loan Agreements With Seven Partner Countries
The OPEC Fund for International Development (OFID) has signed loan agreements totaling US$173m with seven partner countries for public sector projects aimed at enhancing their socio-economic development. The agreements were signed by OFID Director-General Suleiman J Al-Herbish and high-ranking officials of the beneficiary countries, including Prime Minister and Finance Minister of St Lucia HE Dr […]