Friday, October 01, 2010

(TALKZIMBABWE) Zim delegation to attend IMF?WB meetings

Zim delegation to attend IMF?WB meetings
Posted: Wednesday, September 29, 2010 11:18 am

A ZIMBABWEAN delegation led by Finance Minister Tendai Biti will next week attend the International Monetary Fund (IMF) and the World Bank Group annual meeting in Washington DC in the United States of America. The IMF/World Bank Group annual meetings will be held from 8 to 10 October and the Zimbabwe delegation will leave the country on 5 October.

An official of the Ministry of Finance said Minister Biti and the Permanent Secretary, Mr Willard Manungo, will lead the Zimbabwean delegation that will participate at the IMF/World Bank annual meetings.

“The meeting will be attended by all the World Bank and the IMF members and it will be for reviewing policies that will have an effect on almost all the financial institutions in the world.

The annual meeting will bring together central bankers, ministers of finance and development, private sector executives and academics to discuss issues of global concern including the world economic outlook, poverty eradication, economic development, and aid effectiveness.

About 10 000 people will officially attend the IMF/World Bank meetings while some thousands more will unofficially attend the meetings and these include anti-globalisation and anti-capitalism demonstrators.

Last Friday, Minister Biti, while addressing business executives during the 2011 national budget consultative meeting in Bulawayo said it would be folly for one to think that Zimbabwe could survive without the help from international financial institutions.

[Is this a final admission by the MDC on the effect of the international financial institution's credit freeze of the government of Zimbabwe, which started on December 21st 2001?

Since ZDERA was signed into law, the MDC have maintained that a) there are no economic sanctions against Zimbabwe and b) that those economic sanctions have no real effect on the economy. They said in effect that a credit freeze by international financial institutions didn't have much of an effect on the Zimbabwean economy.

However, now their spin is one of dependency - now, "it would be folly to think that Zimbabwe could survive without the help of international financial institutions".

The MDC are scumbags. They have destroyed the country of Zimbabwe, for the sole purpose that they could attain power. This is who Britain supports and who the Bush Administration supports. Just a reminder of the credit freeze by International Finacial Institutions that has been in force against Zimbabwe since 2002:


(c) MULTILATERAL FINANCING RESTRICTION- ... the Secretary of the Treasury shall instruct the United States executive director to each international financial institution to oppose and vote against--

(1) any extension by the respective institution of any loan, credit, or guarantee to the Government of Zimbabwe; or

(2) any cancellation or reduction of indebtedness owed by the Government of Zimbabwe to the United States or any international financial institution.

See here for all to see, the sabotage, the treachery, the subservience to international capital, of the MDC. - MrK]

He said the IMF and the World Bank were critical for the development of any country, adding it was important for the country to clear its international debts in a bid to improve relations with financial institutions.

Meanwhile, a World Bank delegation is next week expected to hold tax seminars with the Zimbabwe Revenue Authority and officials from the Ministry of Finance.

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