Donors ready to rescue Zimbabwe

 
Barely twelve hours after Swaziland’s King Mswati III had issued a statement pleading with the West and international donor agencies to come back and assist in rebuilding of Zimbabwe saw several donor community agencies respond swiftly.
 
“We call on the international community to lift sanctions against Zimbabwe and provide all possible financial support for the rebuilding of Zimbabwe,” said King Mswati III.
 
King Mswati III is the acting chairman of the Southern African Development Community (SADC) region on defence and politics.
 
International donor agencies such as the World Food Programme (WFP), World Vision, Canada International Development Agency (CIDA), Ford Foundation, International Monetary Fund (IMF) and the World Bank have expressed interest in assisting Zimbabwe stand on its feet once again.
 
In a statement made available to CAJ News on Tuesday, IMF Managing Director, Dominique Strauss-Kahn said the signing of the power-sharing deal was a step closer to ending the Zimbabwe’s economic and social crises.
 
“We stand ready to discuss with the new authorities their policies to stabilise the econom, improve social conditions, and reduce poverty,” said the IMF boss.
 
World Bank also confirmed that they were ready to assist where possible to ensure that Zimbabwe’s economy is back on its knees and become the breadbasket of Southern Africa.
 
“The World Bank’s officies in Harare were not closed, but working at a go slow. With the signing of the deal, definitely some of financial aid has to be channeled,” said a source in Harare.
 
 SADC’s Executive Secretary-General, Tomza Salamoa, said the power-sharing deal between president Mugabe, Morgan tsvangirai and Arthur Mutambara, the two Movement for Democratic Change (MDC) leaders was the turning point for Zimbabwe.
 
“The power-sharing deal signed on Monday is set to give platform for quick recovery to Zimbabwe’s economy.  There is no doubt that the new deal will provide the needed momentum for us to help kick start the economy of Zimbabwe,” said Salamoa.
 
Zimbabwe’s new Prime Minister, Morgan Tsvangirai, re-iterated his commitment to ending acute food shortages, foreign currency and immediate solution to the collapsed standard of education, health delivery system, re-opening of closed companies as well as mapping an aggressive strategy to lure foreign investors.
 
Zimbabwe’s inflation is currently standing at 11 200 000 percent, unemployment at 85 percent with hospitals battling to acquire ordinary drugs to cure headache

-CAJ News.
 

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