World Bank regional director Micheal Baxter said: Zimbabwe is in a bad situation and the reality is that many donors are ready to assist Zimbabwe once the government shows the commitment to the international community that they are willing to address the critical economic and social problems.
Baxter was in Harare on an evaluation mission on Tuesday. He said the World Bank was prepared to offer emergency grants to help get the local economy back on its feet as soon as the government showed it was dedicated to reform.
He said the first thing would be grants and not loans, because it was an emergency situation.
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