AfDB Makes First Contribution to Zimbabwe Multidonor Trust Fund

A new multidonor trust fund for Zimbabwe is now operational with an initial contribution of $68.8 million from the African Development Bank.

The establishment of the fund, dubbed Zim-Fund, is part of an ongoing process to re-engage the country with the international community, the AfDB said in a news release.

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About the author

  • Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.