Published: 07 May 2014

The Chinese government is ready to provide a package to fund the Zimbabwe Agenda for Sustainable Socio-Economic Transformation (Zim-Asset), the economic blueprint to steer economic revival over the next 4 years.

Funding has been a major hindrance to the implementation of the progressive policy that was crafted to achieve sustainable development and social equity anchored on indigenisation, empowerment and employment creation propelled by the judicious exploitation of the country's abundant human and natural resources.

Chinese Ambassador to Zimbabwe Lin Lin yesterday said discussions were underway between Harare and Beijing on the provision of a financial package to fund  Zim-Asset.

Zimbabwe needs at least $10 billion to successfully implement the economic blueprint spanning over five years, 2013 to 2018.

Ambassador Lin said his country was ready to provide lines of credit to that effect and the Chinese embassy in Harare was also facilitating a State visit by President Mugabe to China during the second half of this year.

If the discussions succeed, Zimbabwe would securitise the loan using its vast mineral resources.
- The Herald

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