Tight liquidity weighs on IDBZ

The development bank said projects under imple­mentation were yet to generate repayments, prompting management to focus on converting its project pipeline into bankable transactions and expanding lending in the second half of the year.

THE Infrastructure Development Bank of Zimbabwe (IDBZ) says the prevailing tight liquidity con­ditions and high interest rates impacted the bank’s resource mobilisation efforts leading to delays in the completion of projects. The Reserve Bank of Zimbabwe has for almost two years kept the policy rate at an incredible 35 percent in order to manage inflation,…

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