IMF Calls Zimbabwe Switch to ZiG Unit an ‘Important’ Step, 23 MAY

IMF Calls Zimbabwe Switch to ZiG Unit an ‘Important’ Step

IMF Calls Zimbabwe Switch to ZiG Unit an ‘Important’ Step. The

@IMFNews

welcomed the introduction of a new gold-backed currency as an important step. “The introduction of ZiG represents an important policy action accompanied by several complementary policy changes — including monetary, exchange rate, and fiscal policy measures,” a spokesperson for the #IMF said in an emailed response to

@BloombergAfrica

questions.

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Iraq Launches Loan Program for Industrial Projects

Iraq's General Directorate for Industrial Development (GDID) has launched a new loan mechanism for small, medium, and micro enterprises (MSMEs).

The loans are made in conjunction with the Central Bank of Iraq (CBI), and can be worth up to 20 million Iraqi dinars ($15,000) per loan.

Dr. Ali Ibrahim Janaan, Director General of the Directorate, called on young people and graduates to go to the Directorate and register their industrial projects.