Lines of credit and finance activity

Despite Zimbabwe’s country risk profile, which is widely acknowledged as the biggest impediment to the inflow of foreign capital; some funds defy gravity and still flow uphill into the country, mainly from export-import banks and development finance institutions (DFIs), augmented by bilateral lines of credit from the parent companies of foreign banks operating in Zimbabwe.

Multilateral development partners are also beginning to warm up to the country as government intensifies international re-engagement efforts.

This installment reviews some key activity in the sphere of lines of credit and development finance, which to some extent helped to ease liquidity woes during the first half of the year.

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