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Jump to full article: Zimbabwe Independent, 2004-03-26
Author: Shakeman Mugari
Intro: IN a desperate bid to pay off its US$273 million debt to the International Monetary Fund (IMF) the government has mortgaged this year's tobacco crop to a tobacco marketing company, Mashonaland Tobacco Company (MTC).
Sources said this week the government has made a forward sale of 35 million kg of tobacco worth US$86 million, more than half this year's expected yield. Between 45 million and 60 million kg is expected this year.
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