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General News

Botswana Denies giving Zimbabwe US$600 Million bailout money

The government of the Republic of Botswana denied social media reports that it gave Zimbabwe bailout money to the tune of  $600 million.

 

Below is the official statement on the matter made by the government of Botswana:

 

The Office of President wishes to inform members of the public that the Government of the Republic of Botswana and the Government of the Republic of Zimbabwe are currently holding discussions under the framework of the Bi-National Commission which covers a wide range of issues which are mutually beneficial to the peoples of the countries.

As such, media reports that are currently circulating about the line of credit worth six hundred million United States Dollars that the Government of Botswana has committed itself to extend to the Republic of Zimbabwe are unfounded.

We wish to advise members of the public that in accordance with international practice, a communique which summarises the outcomes of the meeting will be issued following the conclusion of the Bi-National Commission.

 

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