Published: 26 February 2014

Government intends to create a special purpose vehicle (SPV) that will assume the Reserve Bank of Zimbabwe’s debt estimated at $1.35 billion outside the central bank's books.

Finance and Economic Development Acting Secretary, Pfungwa Kunaka yesterday told members of the Parliamentary Portfolio Committee on Lands, Agriculture, Mechanisation and Irrigation that there are options being pursed in order to deal with the RBZ debt.

He was giving oral evidence on the central bank's debt and the capital adequacy for the Agricultural Development Bank this farming season.
- herald

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