UK to stabilise Zimbabwe’s currency, clear World Bank loan – Johnson

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Britain could take steps to stabilise Zimbabwe’s currency system and extend a bridging loan to help it clear World Bank and African Development Bank arrears.

Foreign Secretary Boris Johnson said on Wednesday on the sidelines of an African Union-EU summit in Abidjan that such support, however, depends on “democratic progress”,

“Those are indeed the things that we would try to do to help Zimbabwe forward, but we’ve got to see how the democratic process unfolds,” he said.

Zimbabwe is due to hold elections in 2018.

Mr Emmerson Mnangagwa was sworn in as president on Nov. 24 after the resignation of Robert Mugabe, and has said his government will focus on economic growth.

Johnson said: “Recent events in Zimbabwe offer a moment of hope for the country and its people.

“This is a time to look to the future and to make clear that Britain shares the common vision of a…



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