Government lines up security for VFEX US$ bonds

FINANCE minister Mthuli Ncube says Zimbabwe will use carbon tax revenue streams and a payment guarantee from the African Export-Import Bank (Afreximbank) as security for its planned Victoria Falls Exchange (VFEX) US$ denominated government bonds. In his 2022 national budget statement last week, the minister said the government would issue bonds of up to US$100…

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