{"id":9171,"date":"2012-03-22T03:23:57","date_gmt":"2012-03-22T01:23:57","guid":{"rendered":"http:\/\/www.myza.co.za\/03\/update-1-zimbabwe-says-plans-100-mln-infrastructure-bond\/"},"modified":"2012-03-22T03:23:57","modified_gmt":"2012-03-22T01:23:57","slug":"update-1-zimbabwe-says-plans-100-mln-infrastructure-bond","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/update-1-zimbabwe-says-plans-100-mln-infrastructure-bond\/","title":{"rendered":"UPDATE 1-Zimbabwe says plans $100 mln infrastructure bond"},"content":{"rendered":"

\t\t<\/span><\/p>\n

* Zimbabwe infrastructure decaying<\/span><\/p>\n

<\/span><\/p>\n

* Govt to leverage minerals as part of debt plan<\/p>\n

(Adds comments on foreign debt)<\/p>\n

<\/span><\/p>\n

By MacDonald Dzirutwe<\/p>\n

<\/span><\/p>\n

HARARE, March 21 (Reuters) – Zimbabwe plans to float a $100
\nmillion bond to rebuild its dilapidated infrastructure as the
\ncountry struggles to attract foreign investment, the finance
\nminister said on Wednesday.<\/p>\n

<\/span><\/p>\n

Zimbabwe’s infrastructure, such as its roads, railways, dams
\nand power plants, has been starved of finance due to a decade of
\neconomic collapse, which eased somewhat with the formation of a
\npower-sharing government in 2009.<\/p>\n

<\/span><\/p>\n

“Very soon we are going to issue a $100 million
\ninfrastructure bond through our financial institutions,” Finance
\nMinister Tendai Biti told an investor conference in Harare.<\/p>\n

<\/span><\/p>\n

He gave no further details, but said Zimbabwe was taking
\nsteps to reduce its external debt, a factor which has blocked
\nfunding for its infrastructure projects.<\/p>\n

<\/span><\/p>\n

Biti said Zimbabwe’s debt, mostly owed to the Paris Club,
\nWorld Bank, African Development Bank and the International
\nMonetary Fund was set to reach $8 billion or 118 percent of the
\ncountry’s GDP by the end of 2012.<\/p>\n

<\/span><\/p>\n

Biti said the unity government, formed by bitter rivals
\nPresident Robert Mugabe and Prime Minister Morgan Tsvangirai,
\nhad agreed to seek debt cancellation and use of minerals to
\nclear the country’s arrears with international financiers.
\n\u00a0 Continued…<\/strong><\/span><\/p>\n

<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

* Zimbabwe infrastructure decaying * Govt to leverage minerals as part of debt plan (Adds comments on foreign debt) By MacDonald Dzirutwe HARARE, March 21 (Reuters) – Zimbabwe plans to float a $100 million bond to rebuild its dilapidated infrastructure as the country struggles to attract foreign investment, the finance minister said on Wednesday. Zimbabwe’s […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-9171","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/9171","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=9171"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/9171\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=9171"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=9171"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=9171"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}