World Bank lends $7m to ailing Zimbabwe to fight Covid-19
It will get $5m from the World Bank’s global financing facility trust and $2m from funds meant to help Zimbabwe recover from the 2019 cyclone
06 May 2020 - 16:45
Harare — The World Bank will grant $7m to Zimbabwe to help it fight the new coronavirus outbreak that is expected to worsen an already struggling economy and food crisis, a bank spokesperson said on Wednesday.
Zimbabwe is more than $1.2bn in arrears to the World Bank, African Development Bank and European Investment Bank, making it ineligible for funding or debt forgiveness from global lenders...
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