Africa: Standard Chartered Bank may finance Zimbabwe’s cash-strapped government

Standard Chartered Bank is considering the FINANCING of a $262m (£206m) package to bail out President Robert Mugabe’s cash-strapped government. Bretton Woods institutions − including the World Bank (WB), the International Monetary Fund (IMF) and African Development Bank (ADB) − suspended their financial assistance to Zimbabwe in 1999 when the nation defaulted, and rendered it unable to clear a $1.8bn […]

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