10 years ago 10 years ago

Chinamasa asks for loans

by Charles Rukuni 10 years ago10 years ago

Finance Minister Patrick Chinamasa today said he had asked the International Monetary Fund and the World Bank for new loans before Zimbabwe had cleared its old loans. “Unless they give us new money, there will be no growth, there will be no capacity on our part to pay the arrears. We need new money, we need new investments into our country to boost capacity to pay them.”

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Posted by Charles Rukuni

The Insider is a political and business bulletin about Zimbabwe, edited by Charles Rukuni. Founded in 1990, it was a printed 12-page subscription only newsletter until 2003 when Zimbabwe's hyper-inflation made it impossible to continue printing.