SADC eyes US$2bn Zim investment
source: SouthAfrica.info
Fri, 27 Feb 2009
The Southern African Development Community (SADC) is considering the investment of US$2-billion into Zimbabwe’s reconstruction, South Africa’s Finance Minister, Trevor Manuel, said on Thursday.
This was much less than the $5-billion which Zimbabwean Prime Minister Morgan Tsvangirai said was needed to reconstruct the crisis-torn country.
“I was present when Prime Minister Tsvangirai gave the number, but it was just a number given,” Manuel told SABC radio in an interview on a meeting of SADC finance ministers this week.
“There’s a document… that actually splits the immediate costs over the next 10 months into two amounts of about a billion dollars each.”
This included a $1-billion loan to “restimulate retail and all kinds of things… that’s one billion we are exploring”, said Manuel.
“The other (is) about a billion dollars for [continue reading]
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