SW Radio Africa (London)
Violet Gonda
28 April 2009
Finance Minister Tendai Biti was expected to leave the US on Tuesday evening, following a fundraising trip to try and get immediate financial rescue packages from the US government, the International Monetary fund (IMF) and the World Bank.
It is understood that although there was no sign of an immediate bail out by the institutions, the IMF has agreed to set up a multi donor trust fund to be run by itself, the United Nations Development Program, the World Bank and the African Development Bank. It's reported the money will be used 'for budgetary support until the inclusive government has a track record'.
Massive corruption and the bad financial policies of the Reserve Bank Governor Gideon Gono have meant that the Zimbabwean government has no economic credibility. It is understood that this trust fund will be used as a stop gap measure, until such a time as the government can be trusted by the international funding institutions. The funds will be sent direct to Tendai Biti's Ministry of Finance and will completely bypass the Reserve Bank.
The news comes after the IMF's Africa Department Director, Antoinette Sayeh, said that the actions taken recently by the inclusive government were 'encouraging' and urged other international donors to assist. She said in a statement: "It's the context in which we think there is a window of opportunity in Zimbabwe that is worthy of support by the international community."
Meanwhile, the Zimbabwean delegation also held meetings with senior US officials from the Treasury, National Security Council and State Department.
The Finance Minister told reporters that he had appealed to the Americans to support the inclusive government as it was 'the only game in town', but the US government said they are concerned about the continuing farm invasions and unresolved Global Political Agreement issues, including the controversial role of Reserve Bank Governor Gideon Gono.
Biti said this was an historic meeting as it was the first time that the Zimbabwe government had directly re-engaged with the US government since the US slapped targeted sanctions on the Mugabe regime. Biti agreed that for the international community to open up the flow of aid efforts have to be made to implement the GPA to its letter and spirit.
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Wonder what $400 million in southern african credits look like? Probably a lot like those $billions in vouchers that uncle bob is passing around to the green bombers and the army. Im sure that these credits would be good for things like the farm inputs that the Zanuobos sold over the border; buying back hundreds of millions of foreign aid with imaginary money sounds like a wonderful plan. The boyz could just go over the border and turn it back into real cash. This would even prop up the imaginary farm credits which would lead to a huge imaginary farm suplus which could be sold again!! Bob could boast that he is the leader in imaginary credits economics. I dont see a real nobel prize here, but, who needs the nordics and their carbon credits anyway!
Dear Readers , There is a climate in America and the financial world that secretly has been
"cooking the books" while they rob us. For example most financial information that is
reported only focuses on "The Budget ". A Budget is the amount of money we would
need to run our household on a specific time schedule (e.g. weekly budget, monthly
budget, yearly budget ).
When they tell us they have a "Budget Deficit ", they are actually saying they don't have
enough money for the specific period the Budget is supposed to cover. There is a more
complete financial picture that many of us are kept from seeing. This picture is called "
THE COMPREHENSIVE ANNUAL FINANCIAL REPORT ".
People like WALTER BURIEN & ALEX JONES exposed the schemes that have been
going on since 1945 in America alone !!! For more information do a search using " The
Comprehensive Annual Financial Report Exposed "..On YouTube Alex Jones &
Walter Burien share a documentary that they did in the 1990s.
[http://www.youtube.com/results?search_type=&search_query=The+Comprehensive +Annual+Financial+Report+Exposed+]
[God Bless You Readers To Want To Know And Seek To Know The Truth]
[This inspiring poem was featuring in the movie “Coach Carter ”]
Our Deepest Fear Is Not That We Are Inadequate, Our Deepest Fear Is That We Are Powerful Beyond Measure. It Is Our Light , Not Our Darkness That Most Frightens Us.
We Ask Ourselves, Who Am I To Be Brilliant, Gorgeous, Talented, And Fabulous ?
Actually Who Are We Not To Be ? You Are A Child Of God.
Your Playing Small Doesn’t Serve The World.
There Is Nothing Enlightened About Shrinking So That Other People Won’t Feel Insecure Around You.
We Are All Meant To Shine, As Children Do.
We Were Born To Make Manifest The Glory Of God That Is Within Us.
It’s Not Just In Some Of Us; It’s In Everyone.
And When We Let Our Own Light Shine We Unconsciously Give Other People Permission To Do The Same.
And As We Are Liberated From Our Own Fear, Our Presence Automatically Liberates Others
- Marianne Williamson -
[NOTE – BEING AFRAID AND REFUSING TO GET INVOLVED WON’T STOP US FROM DYING. BUT BEING AFRAID CAN PREVENT US FROM LIVING]
(Nkosi Sikeleli Africa )
God bless Africa May her glory be lifted high Hear our petitions .
God bless us, Your children God we ask You to protect our nation Intervene and end all conflicts Protect us, protect our nation, our nation.
From the blue of our heaven, From the depths of our sea, Over our eternal mountain ranges, Where the cliffs give answer.
Sounds the call to come together, And united we shall stand, Let us live and strive for freedom, In South Africa our land.
[Enoch Mankayi Sontonga]
WAKE UP ! STAY UP MY BROTHERS & SISTERS ! BE SELF-SUFFICIENT IN THE KINGDOM OF HEAVEN.
- Life Is a Game. Have Fun. [ Luke 18:17 / Isaiah 11:6 ]
I too am inspired by the verse and prayer that you have cited. However, I am sorry to say that your first few paragraphs are economic nonsense. The comparison you appear to be reaching for is that of the "profit and loss statement" in contrast to the "balance sheet".
The first is comparable to a government's budget (though usually backward looking rather than forward), the second more akin to the national accounts, the usual measure being growth or otherwise of GDP.
Regrettably, Zimbabwe rates very lowly on either measure. I will not pretend to understand African custom or tradition. However it is a source of amazement to westerners that the people who held the governing and economic reins while Zimbabwe crashed still appear to have some support in Zimbabwe.
The choice for these people in a western country would be to resign in shame, or be forcibly removed. Because of this western tradition, there will be no economic aid to Zimbabwe while the authors of this catastrophe are still in office. No matter what Africans may think or say about this, it is the reality.
Trying to blame others when you are the leader of an organisation is just too childish to warrant a response.
I can see what Bobs going to say, The MDC has let the country down, we won't be able to feed our selves( Lines our back pockets). It is all the fault of the imperialistic west. We want unity according to the gospel of Robert Mugabe and nothing else will do. We the people(ZanuPF terrorists) need to show the world that we are a strong , vibrant and resilliant nation and until there is unity,(Death to the MDC) there will not be any progress(Decimation). This is why the outside world won't deal with the terrorist dictator. Simple solution, Bob must Go. What ever happened to Zimbabwe, that lovely country we once used to know, what ever happened to Zimbabwe, Oh I don't know, but Bob must go.
So Business Day comes with the same report as SW radio. It's clear Zola as long as the monster Mugabe and Zanu are around there will be no progress in Zimbabwe. This stupid GNU doesn't work offcourse. SA most probably wanted rest at the border, at least till the worldcup of soccer is over. That also gives the answer what the perfect moment for an uprising would be against criminal Mugabe. Odinga can tell you where a GNU brought him and his country after Kibaki stole the election. A dead end street is a dead end street no matter how many times the GNU tries to get through with Mugabe at the stirring wheel.
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Active Discussions: U.S.$400 Million Credit Lines Secured