World Bank feels the weight of the fury; abandons plan to prop up Robert Mugabe

Harare – The World Bank has denied media reports that it is about to resume lending to cash-strapped Zimbabwe.

Widely-circulated reports this week suggested that the World Bank was working on a bail-out package for Zimbabwe that could see it handing over 400 million US to President Robert Mugabe’s government starting next year.

The claims elicited howls of protest from opponents of the 92-year-old leader. A leaked document appeared to show that the World Bank had ignored the government’s unpopular decision to print its own banknotes and turned a blind eye to recent reports of rights violations during a wave of anti-government protests.

But now the global lender says the leaked document the reports were based on was “an unofficial draft document that has not been approved.”

“The World Bank will only resume direct lending to Zimbabwe when the issue of arrears is resolved,” a statement from them added.

Zimbabwe owes the World Bank 1.1 billion US, according to the central bank governor John Mangudya.

A mid-term fiscal policy review presented by the finance minister Patrick Chinamasa this week showed the dire straits that troubled Zimbabwe is in financially. The minister admitted that the wage bill for civil servants ate up 96.8 percent of revenue — and that the authorities might be unable to meet that bill by the end of the year. -News24

Share this:

Arts & Entertainment

46 Trackbacks & Pingbacks

  1. The Euro-Area Economy Is Beating Expectations - Zimbabwe Consolidated News
  2. Zanu PF succession: Rivals up the anti as simmering tensions rise - Zimbabwe Consolidated News
  3. Google
  4. Best Butt Plugs
  5. free full download for windows
  6. Chaga Pilz
  7. Sell From Your Online Store
  8. strap on vibrator
  9. mulvadi kona coffee
  10. パパイヤ
  11. legit work at home companies
  12. peru tour packages
  13. peru vacation
  14. thrusting jack rabbit vibrator
  15. Stroker Kit
  16. Tina
  17. The Swan Wand
  18. sex comedy
  19. penis pump
  20. orgasmic
  21. vape shop
  22. meath
  23. Download CAPM5ED Certification Dumps
  24. amazon Customer Reviews
  25. Bluetooth Headphones
  26. buy real youtube views
  27. C9020-560 Certification Exam Questions and Answers
  28. pc games free download for windows 8
  29. best smm panel
  30. sex blindfold
  31. thrusting rabbit vibrator
  32. sex toy review
  33. adamandeve.com
  34. buying a dildo
  35. dirty sex
  36. Best pizza
  37. Cheap Women Washington Capitals Jerseys
  38. 福井脱毛
  39. 福井脱毛
  40. Inspection in China
  41. dr kat
  42. سرور مجازی
  43. pure kona
  44. buy kona
  45. Building Permits
  46. http://motuandpatlugames.com

Leave a Reply

Your email address will not be published.


*