In Table 2:
The outstanding debt to China stood at US$1.768 billion as at 22 August, 2022.
I now turn to category C of the question from Hon. Markham, regarding the private-public-partnerships (PPPs). The joint venture agreements processed through ZIDA are as follows: Here again I am focusing on China PPPs, I am assuming the question was only focusing on China.
I now turn to the last section of the question from Hon. Markham pertaining to the export and national base resources, including those that are enshrined in agreements. Government contracted a US$200 loan in October, 2006 for the farm mechanisation equipment. The loan was collateralised with mining rights to the 26 million ounces of platinum resources in Selous which were owned by Government through the Zimbabwe Mining Development (ZMDC).
The loan is currently in arrears amounting to US$172 million. This was to be implemented following the fulfilling of certain conditions, which included validation of the resources that were used as security and determination of the amount of the resources according to internationally accepted funders and valuation funders. I thank you.
Continued next page
(118 VIEWS)
Zimbabwe Finance Minister Mthuli Ncube is asking the US government to tell banks that they…
Zimbabwe, whose currency declined 80% this year before being abandoned, is now worried about its…
Zimbabwe’s new currency, the Zimbabwe Gold (ZiG,) continued to firm against the United States dollar…
United States Secretary of State Antony Blinken has congratulated Zimbabwe on its 44th independence anniversary…
The 813 billionaires in the United States have a total wealth of US$5.7 trillion. If…
President Emmerson Mnangagwa’s spokesman George Charamba says there is nothing to celebrate about the United…