Zimbabwe pays $180M to service Chinese loans
10 September 2014, 12:02
Harare - Zimbabwe has spent $180 million in un-budgeted expenditure to service outstanding loans from China in an effort to improve relations and encourage new financial support, Finance Minister Patrick Chinamasa said on Wednesday.
"In the first six months of this year we have had to cough up $180 million, which was not in the budget, just to make ourselves look good," Chinamasa told business leaders in Harare.
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Chinamasa last month accompanied President Robert Mugabe on a state visit to China where the veteran leader sought support to help a struggling economy.
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