[miningmx.com] – ZIMBABWE received $210m in foreign loans for infrastructure projects in the first half of 2015, said Reuters, citing the southern African country’s central bank.
Reserve Bank of Zimbabwe Governor John Mangudya said in a monetary policy statement the bank had negotiated with financial institutions, including regional African lenders as well as the Development Bank of Belarus.
The World Bank, International Monetary Fund and traditional Western donors have withheld support to Zimbabwe since 1999 and the southern African country is saddled with around $9bn in foreign debt.
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