China agrees to huge loan for Zimbabwe
Editor’s Note: This story is largely financial in nature, but two factors come into focus when pondering this story from a Great Commission perspective.
Zimbabwe is still suffering from a cholera outbreak and its economy is still in bad shape. Mission agencies are working in that nation to bring them aid and the Gospel. China’s increasing worldwide financial profile obviously gives the nation political and economic power, even though China is a huge violator of religious freedom.
CentrePoint News urges readers to read the story with those details in mind.
By the BBC
China has agreed to give Zimbabwe a loan of $950m (£573m) to help it revive its battered economy, Prime Minister Morgan Tsvangirai has said.
Mr Tsvangirai had been criticised by supporters of President Robert Mugabe for failing to get more support during his recent trip to the West.
Zimbabwe Prime Minister Morgan Tsvangirai says the West has pledged $500 million in aid. AP photo.
Mr Tsvangirai and Mr Mugabe formed a power-sharing government in February.
The government says it needs some $8bn to rebuild the country following years of collapse.
“The government through the minister of finance, secured credit lines of almost $950m from China,” Mr Tsvangirai said in a news conference.
China was one of the few countries to retain economic support for Zimbabwe in recent years.
“We will encourage and facilitate more Chinese companies to seek development in Zimbabwe,” Chinese official Zhou Yongkang told state news agency Xinhua.
For more, click here…
http://news.bbc.co.uk/2/hi/africa/8126555.stm
Comments
Our Sponsors
