Broke Zimbabwe asks world for 'stimulus package'

[Policía Loco]

UNITED NATIONS, June 24 (*******) - Zimbabwe appealed to the world on Wednesday for a "financial stimulus package" for its devastated economy, saying lack of foreign support imperiled a recovery plan drawn up by the unity government.

Addressing a U.N. conference on the global financial crisis, Vice President Joice Mujuru said no conditions should be attached to such a package.

The southern African country says it needs $10 billion to rebuild dilapidated infrastructure and ease 90 percent unemployment.

But a three-week tour of the United States and Europe by Prime Minister Morgan Tsvangirai, who shares power with President Robert Mugabe, has yielded mainly promises of aid only when Zimbabwe creates a democracy and improves human rights after what critics say was Mugabe's repressive rule.

Since the new unity government took office in February, inflation has fallen rapidly from its once astronomical 200 million percent after an effective dollarization of the economy.

Mujuru said lack of access to financial resources had hit the country's agriculture and social services, threatening attainment of U.N. anti-poverty Millennium Development Goals.

Fluctuating commodity prices has slowed down mining and lack of investment has hurt businesses, decreasing tax collection, Mujuru said.

"This situation is now seriously undermining progress by our inclusive government ... to turn around our economy," she said. "The lack of external support now threatens the success of our short-term economic recovery program."

"I therefore take this opportunity to urge the international community to support Zimbabwe, by providing the country with a financial stimulus package to enable us to mitigate and offset the economic and financial crisis," she told delegates from more than 100 countries.

Such packages should be designed to fit the priorities of recipient countries, Mujuru said, adding: "As an honest broker, the U.N. system should be the first to take a stand against conditional aid." (Reporting by Patrick Worsnip; editing by Mohammad Zargham)


http://www.*******.com/article/homepageCrisis/idUSN24184840._CH_.2400

[click]

How much you think we'll end up handing over? (with obligatory apology for something-or-other attached, of course)

[brainplay]

However much they want if they could invade Nigeria and stop the email spam!

In all seriousness...nothing. I hope we send nothing. Stuff like this ought to be done through world charities. Just handing over billion of dollars and euro's to that regime is pretty lame.


As an honest broker, the U.N. system should be the first to take a stand against conditional aid.

He's serious isn't he? Like really serious?

[Silent Reader]

However much they want if they could invade Nigeria and stop the email spam!

In all seriousness...nothing. I hope we send nothing. Stuff like this ought to be done through world charities. Just handing over billion of dollars and euro's to that regime is pretty lame.



He's serious isn't he? Like really serious?


actually China would be the go-to-guys for him since they are the ones giving "unconditional" credits etc to African countries in order to increase their influence there

[oldsoak]

However much they want if they could invade Nigeria and stop the email spam!

In all seriousness...nothing. I hope we send nothing. Stuff like this ought to be done through world charities. Just handing over billion of dollars and euro's to that regime is pretty lame.



He's serious isn't he? Like really serious?

Yep - blank cheque please, and no-one prosecuted for atrocities against the locals - oh, and can we have Swiss bank accounts laid on as well please.

[zad]

actually China would be the go-to-guys for him since they are the ones giving "unconditional" credits etc to African countries in order to increase their influence there

Just if the country has vaulable natural resources (minerals, petrol, gas...) for China.

[Silent Reader]

Just if the country has vaulable natural resources (minerals, petrol, gas...) for China.




ZIMBABWE (http://www.iss.co.za/af/profiles/Zimbabwe/zimbabwe1.html)

Natural Resources and the Environment


Mineral resources

Some 30 different mineral deposits dispersed throughout the country; substantial deposits of coal, platinum and chromium ore; smaller deposits of asbestos, gold, nickel, copper, iron ore, vanadium, lithium and tin.

.................. p-)

[Alpheus]

UNITED NATIONS, June 24 (*******) - Zimbabwe appealed to the world on Wednesday for a "financial stimulus package" for its devastated economy, saying lack of foreign support imperiled a recovery plan drawn up by the unity government.

http://randazza.files.wordpress.com/2009/02/middle-finger.jpg

You **** it up, you fix it.

[Moledet]

We want the tyrant there to crush, why help him? He created a civil war that ruined the economy in order to gain power and become a dictator, there's no way a sane western government is going to aid him.

[kool_kruiser]

i say we give Mugabe 10 billion.....in his own currency of course....p-)p-)

[Mu-Meson]

i say we give Mugabe 10 billion.....in his own currency of course....p-)p-)

I think the postage to mail the 10 billion Zim dollar note to him would cost more.


The southern African country says it needs $10 billion to rebuild dilapidated Presidential mansions and ease shrunken Swiss bank accounts.

Fixed.

[annihilation]

They had this mess before the economic crisis, so they should be left on their own.

[Spagga]

No......

We should help..........Once the dictator and his cronies are gone........


If there was oil in the region......we would have been there years ago

[2495]

Hang Mugabe, prosecute all the ZANU PF leadership and generals, when found guilty of crimes against humanity, shoot them one by one.

Until that ****pile is all dead and swinging in the breeze, Zimbabwe should get a cheque for fvck all.

[sujithkochi]

Well, if Pakistan can ask for aid, why cant Zimbabwe?

[SoSo]

Robert Mugabe and Gideon Gono have got to go before we even think about sending aid to Zimbabwe. Mugabe and his ZANU-PF still run things there, they have all the guns (Morgan Tsivangirai, though he means well, is powerless) and they've made it clear that they're the West's enemy. Let Zimbabwe look to China, Russia, Iran, and Venezuela for help. They've got plenty of money, and should be willing to kick down some cash, since Mugabe is their friend, not ours.

[DanteXavier]

I'm all for it! Just a few conditions.

1. Roast Mugabe and his cronies on a silver platter. Or maybe just shoot them, whichever one is easiest.
2. ........

Actually, that first condition will do just fine.

[PeterRJG]

http://randazza.files.wordpress.com/2009/02/middle-finger.jpg

You **** it up, you fix it.

Quoted for absolute and utter truth.

[Henry's Fork]

Zim should start mining their huge untapped coal deposits and stop acting like they dont have any natural resources or pesos. The Chinese will buy their coal and prop up the puppet gov. all nice and what, like in the Sudan. Win Win.

[domokun]

Well, if Pakistan can ask for aid, why cant Zimbabwe?

Pakistan can be potential threat to rest of world so their wellbeing counts for something. In brief they have nukes. Zimbabwe doesn't have much of what rest of world needs or can get from else where so they can rot until rest of world needs their natural resources.

[Super Sheep]

Robert Mugabe and Gideon Gono have got to go before we even think about sending aid to Zimbabwe. Mugabe and his ZANU-PF still run things there, they have all the guns (Morgan Tsivangirai, though he means well, is powerless) and they've made it clear that they're the West's enemy. Let Zimbabwe look to China, Russia, Iran, and Venezuela for help. They've got plenty of money, and should be willing to kick down some cash, since Mugabe is their friend, not ours.

I wouldn't necessary say he is "our" friend, more like loose baggage that comes with the deal.