Zimbabwe announced it has secured $490 million in foreign loans to finance projects, mostly in the agricultural sector. “In unveiling these initiatives, all in all amounting to $490 million, it is the Reserve Bank’s minimum expectation that all economic players can now take up the challenge and get on with progressive economic enterprise,” Zimbabwean central bank Governor Gideon Gono said in a news conference. Part of the package is the $200 million loan from China, which, according to Gono, forms part of Beijing’s pledge to Zimbabwean Vice President Joyce Mujuru during her trip to the Asian nation in June. (Source: Zimbabwe cbank unveils $490 mln loan injection/Reuters)
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