1 Jul 2009

$US950m loan from China to Zimbabwe

5:35 am on 1 July 2009

China is to give Zimbabwe a loan of $US950 million to help revive its economy.

Prime Minister Morgan Tsvangirai has been criticised by supporters of President Robert Mugabe for failing to get more support during a recent trip to the West.

Mr Tsvangirai and Mr Mugabe formed a power-sharing government in February.

The United States promised $US73 million in aid while Britain pledged to boost its funding by about $US8 million, taking its total to $US98 million for the year.

Mr Tsvangirai said he had received pledges totalling $US500 million during his trip.

The government says it needs some $US8 billion to rebuild the country following years of collapse.