source: BBC News
The International Monetary Fund has told Zimbabwe that it will not provide the country with more funds until its existing $1bn debts are settled.
Zimbabwe’s government estimates it will need $10bn (£6bn) of foreign aid to help rebuild its battered economy.
But the IMF said that Zimbabwe would need to clear its debts and show a sustained record of sound policies before it could give financing.
China recently agreed to give Zimbabwe a loan of $950m.
China was one of the few countries to retain economic support for Zimbabwe in [continue reading]
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