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Ncube said the American government’s tariff regime emerged as a topical issue during the IMF/World Bank Spring Meetings, as it threatened the global economy.
Political uncertainty has also emerged as a major concern for businesses, with over 60% of respondents identifying it as a key factor affecting confidence.
The end game is that Zimbabwe will be able to access cheap capital from multilateral and bilateral financial institutions after clearing its overdue obligations.
China provided loans at a 4% interest rate, with a shorter repayment period of around 10 years, compared to 24 to 28 years for loans from Japan and other Western countries.
On the table are proposals to delay at least $16 billion in energy sector debt to China, along with extending the term of a $4 billion cash loan facility due