Africa Map

African Press Agency

African Press Agency Logo
   

 Home
 Country Profile
 Useful Links
 Contact us

Home

CHINA/ZIMBABWEBack
[Published: Tuesday June 30 2009]

China 'agrees huge Zimbabwe loan'

Harare, 30 June-(ANA)-China has agreed to give Zimbabwe a loan of $950m (£573m) to help it revive its battered economy, Prime Minister Morgan Tsvangirai has said.

Mr Tsvangirai had been criticised by supporters of President Robert Mugabe for failing to get more support during his recent trip to the West.

Mr Tsvangirai and Mr Mugabe formed a power-sharing government in February.

The government says it needs some $8bn (£4.8bn) to rebuild the country following years of collapse.

"The government through the minister of finance, secured credit lines of almost $950m from China," Mr Tsvangirai said in a news conference.

The prime minister visited the US and Europe earlier this month in an attempt to raise funding for the struggling nation.

The US promised $73m in aid while the UK pledged about $8m.

Mr Tsvangirai said he had received pledged totalling $500m.

"The amount of assistance that was raised on my visit to Europe and the United States does not reflect the enormous support we will be able to utilise if we are to fulfil all our political obligations," he said. (ANA)

FA/ANA/30 June 2009----

 


North South News website

Advertise banner

News icon Global/Plastics Issue
News icon Europe/Extreme Heat
News icon WHO/Sudan
News icon Tanzania/Floods
News icon ILO/Social Protection
News icon Arab League/US Veto
News icon Renewable energy
News icon US/Injustice
News icon US/Students Protest
News icon Syria/Crisis

AFRICAN PRESS AGENCY Copyright © 2005 - 2007