Farai Mabeza, Senior Staff Writer 
THE government plans to use part of the nearly US$1 billion in special drawing rights (SDR), which Zimbabwe recently received from the International Monetary Fund (IMF) to guarantee loans to be offered to stressed businesses under a new stimulus package facility.
This comes as both commerce and industry have been agitating for fresh fiscal support, after many struggling companies failed to access an initial $18 billion stimulus package that was availed by the government last year to cushion business from the negative effects of Covid-19.
Addressing last week’s Confederation of Zimbabwe Industries (CZI) congress in Harare, Finance minister Mthuli Ncube — who may flesh this out in the national budget today — confirmed that a portion of the SDRs had been set aside to allow banks to lend to strained businesses.
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