David Rohrbach, a senior agricultural economist for the bank, says the money will benefit 700,000 families, helping to buy seeds, fertilizers and other agricultural equipment for the coming harvest.
The money will be channeled through non-governmental organizations involved in the agricultural and humanitarian sectors.
Many international donors prefer not to make donations directly to the government for fear it will be misspent.
Zimbabwe was once the breadbasket of the region but has been struggling to feed itself. The country’s political crisis has crippled the economy. A lack of fuel, tools, seeds and fertilizers have been blamed for poor harvests. – AFP