Wednesday, May 20, 2009

World Bank support

from the BBC

he World Bank has agreed to give Zimbabwe $22m (£14.4m), its first assistance to the heavily-indebted African country since 2000.

Zimbabwe has been appealing for $8.5bn to rebuild its broken economy after forming a unity government in February.

The World Bank said the relatively small amount of money was "a first step". More could be forthcoming when Zimbabwe begins to clear its arrears.

It owes the World Bank and the African Development Bank more than $1bn.

No comments:

Free hit counters
Free hit counters