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Feb 13 2012 07:58
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Feb 12 2012 15:59
Moral hazard, financial weapons of mass destruction, a huge mess - these were the words used by a founder member to sum up the collapse of the Pinnacle Point Group.
Harare - International and regional financiers have offered Zimbabwe $500m in credit lines to help repair its economy, but they remain cautious over conflicting government signals on policy, the central bank said on Friday.
Central bank governor Gideon Gono told reporters the funds would be used to rescue the economy following moves to liberalise the economy and the formation of a unity government, which is expected to ease political tensions.
- Reuters