Tight liquidity weighs on IDBZ

THE Infrastructure Development Bank of Zimbabwe (IDBZ)

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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