This year marks a turning point for Zimbabwe’s economy and its people. The country is on the brink of finalising an historic deal which will end a decade and half of sanctions and unlock substantial new funds for economic growth and development. At the heart of this are the negotiations between the Zimbabwe government and the IMF and World Bank launched last year at an international summit in Peru.
Source: Zimbabwe returning to the international stage? – The Zimbabwean 26/4/2016
The arrangements, in which the African Development Bank (AfDB) will play a leading role, are designed to clear Zimbabwe’s $1.8 billion arrears to international financial institutions and enable the country to raise new funding for important development projects.
The target date for completion of the agreement is June and will involve some African states, notably Algeria, offering to lend Zimbabwe money to repay its arrears. Beyond the key officials in Zimbabwe and in the international financial Institutions, this financial initiative has won broad international backing from the African Union, China, Japan and the European Union.
Africa Confidential, the leading source of quality analysis about Africa is organising a high-level one-day conference to examine the implications and potential.
Zimbabwe 2016: rebooting and rebuilding
City of London
July 5th 2016
Key speakers include:
• Dr John Mangudya – Governor, Reserve Bank of Zimbabwe
• Patrick Chinamasa – Minister of Finance
• Dr Obert Mpofu – Minister of Macro-economic Planning and Investment Promotion
• Mr Mike Bimha – Minister of Industry and Commerce
For further information, and to register for an early bird discount (book before 27th May) please contact John Bulmer either by email or calling +44 (0)1638 743 633.
COMMENTS
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Where is Itai Dzamara ?
The ‘important development project’ is to use IMF money to fund Zanu PF’s next election fraud. Anyone who agrees that it is financially acceptable to borrow money from one party to ‘clear arrears’ with another, thereby increasing one’s overall debt, is an out and out insincere hypocrite. Let’s hope the US hangs in and veto’s the EU’s plan to foist more undeserved money on Mugabe, which they know, as well as everybody else, will be diverted to propping up Zanu PF. Europe is in its current morass because it is gutless and has lost all sense of moral direction in favour of pious platitudes.
What happened to look east? What happened to the west keeping it’s filthy imperialistic money?