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*Mozambique Gets $118 Million Credit For Cyclone Idai Rebuilding From IMF* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?gd The International Monetary Fund has announced that it’ll be giving Mozambique $118.2 million credit for reconstruction following the destruction from Cyclone Idai. The money is a zero-interest, 10-year loan. More than 600 are estimated to have died in Mozambique and more than 1,000 in the 3 countries affected. The World Bank has said that Mozambique, Zimbabwe and Malawi will need about $2 billion to rebuild. ---------- Latest itel S24 available on Pindula: 128GB storage, 4GB RAM $119 USD WhatsApp: +263715068543 Calls: 0772464000 Buy Online: https://www.pindula.co.zw/market/itel-s24-128gb-22-20240426142756795795/?s=wanews ---------- Said Tao Zhang, deputy managing director of IMF: > Emergency assistance and reconstruction costs are estimated to be enormous, making this storm the worst and costliest natural disaster to ever strike the country. The IMF lends between $60 million to $120 million in emergency situations under the Rapid Credit Facility (RCF). There was no mention of any credit going to Zimbabwe and Malawi. *Related:* *Govt Ridiculed For Linking An Earthquake To Cyclone Idai* *Did Mnangagwa Say Cyclone Idai Is Blessing In Disguise?* *Disapora Initiated Cyclone Idai Relief Campaign Raises US $100,000* More: Channel News Asia _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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