Financial Times FT.com

Harare targets African credit lines

By Tom Burgis in Johannesburg and William Wallis in London

Published: May 3 2009 16:32 | Last updated: May 3 2009 19:06

Morgan Tsvangirai at Harare May Day celebrations
Morgan Tsvangirai tells workers at Harare May Day celebrations that the government cannot afford to increase their wages

African states and institutions are raising hundreds of millions of dollars in trade credits and business loans to shore up Zimbabwe’s bankrupt unity government in the absence of a financial rescue package from the west.

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