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Mangudya dismisses US$5bn facility rumours

by Staff Reporter
11 Jan 2018 at 16:12hrs | Views
The Reserve Bank of Zimbabwe Governor Dr John Mangudya has dispelled social media reports that the central bank is putting in place a US$5 billion facility for Zimbabwe.                           

In a written response to inquiries from ZBC News on Thursday, Dr Mangudya said while the central bank is putting in place policies to increase liquidity inflows, the social media reports are far from the truth.                               

Dr Mangudya said the central bank has the right channels of communication and does not provide information through social media.                                   

Social media has been awash with reports that the central bank through an external investor based in South Africa are on course for a US$5 billion facility for Zimbabwe.

The reports from the social media come at a time when government and the central bank are working on confidence building policies to increase investor confidence.

Already a US$1.5 billion Afreximbank facility has been concluded setting the tone for increased credit lines from bilateral and multilateral financiers.                        

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Source - zbc