Published on Pambazuka News (https://www.pambazuka.org)

Home > Zimbabwe: China comes to Zim's rescue

Contributor [1]
Monday, September 18, 2006 - 03:00
Categories: 
Development [2]
Issue Number: 
270 [3]
Article-Summary: 

President Robert Mugabe has grabbed a huge financial lifeline from China to boost Zimbabwe's ailing economy but analysts wonder what the country had to offer in exchange for the loan. Reserve Bank of Zimbabwe Governor Gideon Gono, tasked to turn around an economy in recession for the last eight years, on Wednesday announced a $200m facility from China as part of nearly half a billion dollars worth of mainly foreign loans.

Category: 
Global South [4]
Oldurl: 
http://www.pambazuka.org/en/category.php/development/37131 [5]
Country: 
Zimbabwe [6]

Source URL: https://www.pambazuka.org/node/36332

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[5] http://www.pambazuka.org/en/category.php/development/37131
[6] https://www.pambazuka.org/taxonomy/term/3302