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Zimbabwe Receives $73m in Aid

President Barack Obama announced $73m in aid for Zimbabwe to “encourage the rule of law, human rights and basic health and education in Zimbabwe,” after meeting with Zimbabwe’s Prime Minister Morgan Tsvangirai.

According to Tendai Biti, Zimbabwe’s Finance Minister, the country’s economy “could grow by between 4 percent and 6 percent this year” by restricting central bank’s activities to avoid the hyperinflation the country has experienced for years now.

The US president said the power-sharing coalition in Zimbabwe was showing promise, following the "very dark and difficult" period the country had been through.

The power-sharing government has said the country needs a total of about $10bn to stabilize its economy.

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