Cash-strapped Zimbabwe needs $27 billion to fund revival - official


  • World
  • Wednesday, 05 Feb 2014

Zimbabweans collect food aid from a distribution point in Mutawatawa, about 220km northeast of the capital Harare, November 25, 2013. REUTERS/Philimon Bulawayo

HARARE (Reuters) - Zimbabwe requires $27 billion (16 billion pounds) - more than twice the size of its economy - to fund a five-year plan to improve basic services and rebuild the impoverished country, a senior government official said on Wednesday.

President Robert Mugabe's government wants to invest in food security, social services and infrastructure, to reduce poverty and expand the economy an average of 7.1 percent a year by 2018.

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