The New York Times reports that Morgan Tsvangirai, prime minister of Zimbabwe and political rival to president Robert Mugabe, has obtained a package of loans worth US$950 million from China:
Mr. Tsvangirai said Tuesday that the finance minister he had appointed, Tendai Biti, had negotiated the loan package with China. Details of the deal were scant, and Chinese officials could not be reached to confirm the deal or to comment on it.
Officials close to Mr. Tsvangirai said they believed that at least some of the financing would be provided on the condition that the money was spent on Chinese goods, like fertilizer.
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Read the complete post at http://www.nytimes.com/2009/07/01/world/01zimbabwe.html?ref=global-home
Posted
Jul 01 2009, 12:27 AM
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Danwei - Media, Advertising, and Urban Life in China