Back to Index

Breakfree Newsletter - May 2007
Zimbabwe Coalition on Debt and Development (ZIMCODD)
June 06, 2007

Download this document
- Acrobat PDF version (275KB)
If you do not have the free Acrobat reader on your computer, download it from the Adobe website by clicking here.

• Zimbabwe Draws Peoples Charter on HIV/AIDS
• Zimbabwe's Monetary Policy Review Interim Statement in perspective
• Look West, Old man
• EPAs, an assault on Africa's food sovereignty: - Why a gender and women's rights analysis is important for Africa
• The Wolfowitz act

Zimbabwe Debt Statistics

Gross Domestic Product US5.9 billion (Dec 2006)
External Debt US$4, 2 billion (Dec 2006)
Arrears & Interests US$2,5billion (Dec 2006)
Domestic debt $2 trillion (May 2007)
Annual Inflation rate 3 713, 9% (April 2007)
Food Basket for a family of 6 Z$ 2,600 000 (April 2007)

Editor's Note

The Wolfowitz saga has caused furore in international circles with many interest groups calling on the World Bank to dismiss him for corruptibly paying his girlfriend, Shaha Riza, a hefty compensation pay in 2005. The controversy that costed Paul Wolfowitz's his job as President of the Bank has only been reduced to a mere case of 'flouting procedure' However, it is public knowledge that accountability and transparency have never been the practise at the Breton Woods Institution. The 'Wolfowitz act' is just but a tip of an iceberg of the gross irresponsibility that characterises the dealings of the World Bank in so far as Developing Countries are concerned. The disbursement of grants by the World Bank to developing countries on conditions of market liberalisation and privatisation is fraudulent to say the least. The G8 who are chief financiers of the Bank have made multiple false promises on dealing with the HIV/AIDS pandemic in poor countries and the pandemic continues to wreck havoc. Zimbabweans living with HIV/AIDS can not let this go unchecked. As Zimbabwe purports to 'look East', the influence of the International Financial Institutions takes its toll in many ways. As we promised, this issue will look deeper into the Reserve Bank of Zimbabwe's April interim Monetary Policy statement to see how far Zimbabwe has become 'a market economy'.

Download full document 

Visit the ZIMCODD fact sheet

Please credit www.kubatana.net if you make use of material from this website. This work is licensed under a Creative Commons License unless stated otherwise.

TOP