Time Bank’s proposal requires sober minds

IME Bank Holdings has unpacked its proposed US$38 billion syndicate loan to the government to clear its domestic and foreign obligations.

The plan, which is backed by State land, will improve confidence of local and foreign investors in Zimbabwe, according to Time Bank.

According to the financial institution, the money raised will be used to compensate 13 groups that include former farm owners, pensioners and the country’s multilateral and bilateral creditors.

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