Press Release
Since dollarisation, the Infrastructure and Development Bank of Zimbabwe (IDBZ) has relied on short-term business for sustenance. This business model was necessitated by the short term nature of available funding in the domestic financial markets, as well as the Bank’s inability to raise long term funds from the international capital markets and official development assistance. This situation was due to, among other constraints, a legacy debt overhang and the impact of sanctions. As a result, the Bank experienced a significant mandate drift as our capacity to support core infrastructure projects was severely hamstrung.
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