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How to access Zimbabwe's ZWL$18.02 billion economic recovery and stimulus package

by Staff reporter
06 Jun 2020 at 18:23hrs | Views
Further to the pronouncement on the 4th of May 2020 by the Minister of Finance and Economic Development on the Covid-19 Pandemic Economic Recovery and Stimulus Package, the Government has come up with the following modalities for accessing the various facilities.

Implementation of the Economic Recovery and Stimulus Package has already started in earnest with the Reserve Bank of Zimbabwe having already disbursed ZWL$2.5 billion for the productive sectors and the winter wheat programme.

Other than capital grants which are being disbursed through various line Ministries all productive sector support will be financed by banks through the normal banking channels with Government providing requisite guarantees to the financial institutions based on a risk-sharing model.

Source - Byo24News