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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?zw 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 now available on Pindula* $124 Cash on Delivery in Harare & Bulawayo. WhatsApp: 0️⃣7️⃣8️⃣3️⃣ 4️⃣5️⃣0️⃣ 7️⃣9️⃣3️⃣ ---------- 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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