S.Africa ready to help Zimbabwe revive economy, says Ramaphosa
South Africa said in January that it had turned down a request in December from Zimbabwe for a $1.2 billion loan.
“South Africa, Mr President, stands ready to render support to Zimbabwe within our means in your quest for economic renewal,” Ramaphosa said, without giving details on whether this would entail financial help.
“We want to see meaningful support being given by international development partners to Zimbabwe because Zimbabwe does deserve the support that the world can give.”
Rampahosa, who faces a severe drought this year, also repeated his previous call for sanctions against Zimbabwe to be lifted.
Zimbabwe says U.S. sanctions, which were extended by another year by President Donald Trump last week, throttle its ability to access funding from lenders like the International Monetary Fund and World Bank and raise its political risk profile.
South Africa is Zimbabwe’s largest trading partner and home to millions of Zimbabweans who flocked to the country amid an economic meltdown during Mugabe’s rule.
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