Zimbabwe: Zimbabwe-Nicaragua Search Nearer Financial Collaboration

Herald Reporter

Zimbabwe and Nicaragua are eager to pursue mutually helpful financial cooperation, significantly in agriculture the place the latter can faucet into Zimbabwe’s drought mitigation technique.

This was revealed following a gathering between Vice President, Dr Constantino Chiwenga and Nicaragua’s Ambassador to Zimbabwe, Ms Nadeska Cuthbert early this morning.

That is in step with President Mnangagwa’s Zimbabwe is Open for Enterprise method.

Based on the World Financial institution, Nicaragua has an important potential for growth after benefiting from overseas direct funding and remittances which reached 8,3 % and 20,6 % of Gross Home Product in 2022 respectively.

“We’re exploring alternatives for collaboration between Nicaragua and Zimbabwe,” stated Ambassador Cuthbert.

“We’ve so much in frequent, now we have a historical past of wrestle that has made us stronger and extra decided to proceed to battle for our folks and our sovereignty.

“We had been exploring alternatives in agriculture, mining, schooling and well being in order that our international locations can have nearer cooperation. Agriculture can also be the spine for Nicaragua’s financial system and each of us are going through challenges associated to local weather change,” she stated.

Each international locations are forging forward with their financial growth plans below the burden of financial sanctions imposed by the US of America and its allies.