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Zimbabwe bonds its resources until 2020

by Staff reporter
14 Feb 2019 at 08:11hrs | Views
With international lenders continuing to shun Zimbabwe due to its dismissal repayment record and toxic politics President Emmerson Mnangagwa's skint government has resorted to mortagaging the country's gold and tobacco revenues- since 2017 to a few external partners who are still willing to do business with Harare.

But both analysts and government insiders say while these desperate measures have allowed Zimbabwe to get by, the practice is both unsustainable and potentially prejudicial to the country.

Source - Fin Gaz