Sanctions cost the country $42 billion


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The Zimbabwe African National Union-Patriotic Front says sanctions imposed on Zimbabwe more than a decade ago have cost the country some US42 billion over the past 12 years, according to media reports today. Quoting the party’s manifesto the reports said Zimbabwe lost US$36 million a year in donor support and $79 million a year in loans from the International Monetary Fund, the World Bank and the African Development Bank. Negative publicity scared away potential creditors and reduced commercial loans by US$431 million a year.

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Charles Rukuni
The Insider is a political and business bulletin about Zimbabwe, edited by Charles Rukuni. Founded in 1990, it was a printed 12-page subscription only newsletter until 2003 when Zimbabwe's hyper-inflation made it impossible to continue printing.

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