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*Zim Negotiating With Afreximbank For US$1.5 Billion Loan To Guarantee Foreign Investments* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?lw The Reserve Bank of Zimbabwe (RBZ) is negotiating with the African Export-Import Bank (Afreximbank) to get a US$ 1.5 billion guarantee, to protect investors’ funds. RBZ governor revealed this information when presenting the 2018 Monetary Policy on Wednesday at the Central Bank. According to Mangudya, the guarantee will enhance the confidence of investors as their funds would be protected. Said Mangudya, ---------- itel A70 256GB $99USD WhatsApp: https://wa.me/+263715068543 Calls: 0772464000 ---------- > Such guarantees and liquidity support are necessary to protect investors’ funds from country risk, and in doing so, enhancing investor confidence The Afreximbank is the same institution which is behind the Bond notes which were introduced in 2016. The institution entered an agreement with the government of Zimbabwe, to back the bond notes which are supposed to be trading at par with the United States dollar. More: Reuters _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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