Singaporean group, Trafigura, has agreed to bailout the Zimbabwean government with US$1.1 billion which is meant to go towards the repayment of the country's arrears to the World Bank.
This is part of the government's international re-engagement process agreed in October 2015 in Peru, Lima between Harare and three international financial institutions, the IMF, World Bank and AFDB.
Source Bulawayo 24 News
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