Advertisements
Home » Banks push government on re-engagement

Banks push government on re-engagement

0 comments

ZIMBABWEAN banks say the government must speed up plans to pay its debts to creditors and normalise relations with the international community, to reduce the country’s high-risk perception.
The southern African nation, which remains shut out by financiers because of its failure to pay previous debts, is on a re-engagement drive, albeit at a slow pace. This, the Bankers Association of Zimbabwe (BAZ) says has led to the loss of corresponding banking relationships (CBRs) with other lenders. CBRs make it easier for local banks to facilitate international trade in United States dollars.

Advertisements

Governor of the Reserve Bank of Zimbabwe, John Mangudya.

Subscribe to The Financial Gazette

This is premium content. Subscribe to read article.

Subscribe Today

Gain access to all articles. Subscribe Today.
Advertisements

Related Posts

Leave a Comment

Advertisements

The Financial Gazette It is southern Africa’s leading business and political newspaper well known for its in-depth and authoritative reportage anchored on providing timely, accurate, fair and balanced news.

Newsletters

Subscribe to The Financial Gazette newsletter for financial & business news worth reading. Let's stay updated!

©2024 The Financial Gazette. A Media Company – All Right Reserved. Designed and Developed by Innovura
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More