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Does Mugabe’s Govt Plan to Accumulate More Debt?

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

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 […]

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