World Bank snubs Mugabe govt

HARARE - The World Bank (WB) has assured Zimbabwean activist Patson Dzamara that it has no intention of bailing out President Robert Mugabe’s government by extending money to his administration.

This was in the aftermath of Dzamara having petitioned the WB during his recent visit to the United States, not to rescue Mugabe’s stone-broke government with a financial package.

“You raise very important concerns about developments in Zimbabwe. We care deeply about the well-being of the people of Zimbabwe.

“Since 2000 when direct lending was suspended on account of payment of arrears, the WB has maintained very limited support for Zimbabwe through a variety of non-lending instruments and trust funds,” said the World Bank in its response to Dzamara yesterday.

“These include the Zimbabwe Reconstruction Fund which is, inter alia, financing improvement in water supply and sanitation in seven small town; the health results Innovation Fund which is financing improvements in maternal and child health care in rural and urban clinics; the State and Peace Building Fund which financed support to cholera-affected communities; and the Rapid Social response Fund which financed our response to the 2008 food crisis.

“In Zimbabwe, the WB can only resume direct financial support to Zimbabwe when the issue of arrears is fully resolved. This approach is standard to all international financial institutions. Upon arrears clearance, however, Zimbabwe would be eligible as a borrowing member of the bank to a broad range of financing instruments, all of which would be subject to the strong safeguard policies and mechanisms mentioned above.

“To this end, I would like to invite you to dialogue with our team working on Zimbabwe to help improve our understating of the challenges in Zimbabwe today and to help us carve out an appropriate engagement strategy of your country,” added the WB.

On September 20, Dzamara presented his petition to the WB in the United States cautioning it against facilitating a bail out or rescue package for the government.

He said Mugabe’s government was violating human rights and closing democratic space by using what he said were autocratic tendencies.

“For an international institution such as the WB to now even consider extending financial help to such a government is more than disappointing, it is a betrayal.

“Let me be clear. Any such financial aid should NOT be extended to Zimbabweans, and would NOT benefit people on the ground.

“Quite the contrary, it would extend the life-span of a crumbling regime that is harmful to the future of the people and nation of Zimbabwe. It is actually likely that such financial support would directly fund the very mechanisms, physical and otherwise, that cause such harm to a long-suffering population,” said Dzamara then to WB president Jim Yong Kim.

Comments (12)

Vachamama chete muzita raJesu....The Robbers and Muggers.....yamakadya ndiyoyo.....You are used to bile spewing and lets see whether you will do it this time.......Go and chop that 15 billion. Muchamama chete muzita raJesu

Clemence Tashaya - 29 September 2016

There was never any money coming from World Bank.Thats why Vp Mnangagwa is trying to rope in Standard Bank and Baclays to retender all ZESA projects on solar energy .These 2 institutions can source all finances reauired for these projects,bt processes must be open and corruption free.Hence the Vp is facing a struggle wth his counterparts in government.Bt for IMF n WORLD BANK ,dead deals,no help there.

viola gwena - 29 September 2016

Yaah that's good.Kana tichidya dhodhi ngatidyei tese Nana Bob vacho.

matsotsi - 29 September 2016

Barclays has been fined millions of dollars for processing transactions for specified pple in zimbabwe. Once beaten, twice shy. They will be punished heavily if they are seen to be helping to flaut US sanctions.

Chongogwe - 29 September 2016

Idiots in Zanu-PF. By trying to prop up their overstay looting our country they are effectively digging their own graves. Its a one way street: no reverse to the momentum building up to send them packing.

Masamba Akareyo - Tanganda - 29 September 2016

Baclays n standard are banks in Zim and international.Most government ministries bank wth them.These 2 banks are not specified.If all zesa tenders are handed over to them for tendering n financing ,funds will be availed at a higher cost yes bt transparency n all projects will be effected in no tyme,unlike now.

viola gwena - 29 September 2016

... to this end l invite you to dialogue with our team working on Zimbabwe. Pakaipa!

Nyimo - 30 September 2016

iye anodya achiguta coz bob uses our tax money whilst tichitambura to raise an average family.mwari dai achipindira.

#kamborokemwana - 30 September 2016

where is TRUTH , i want to c yo comment on this

safa ngendlala - 30 September 2016

HAAAA ana Truth Mkabias taurai tizwe

baGedza - 5 October 2016

then if you say Zimbabweans must not get any money from the W Bank then you are advocating for sanctions against the country and you are not one of us.You want people to die due shortages of medicine and hunger.you are actually spear heading for our economic collapse as nation and you do not wish the people of Zimbabwe any good.we do not buy your idea of doing things it is absurd and a demonstration of evil as is the norm in your opposition politics.such absurdity should be condemned by all and should go to the dogs.

vivazim - 5 October 2016

,,direct financial support,,when ,,issue of arrears fully resolved,, standard ,,upon arrears clearance,, WB showing up as some sort of third institution between Banks/wealth information keepers and those governmental organisations occupied by females for more top uped support of those Banks. And as the balance here comes WB with support could they make it or they need more involvements in Banks and Governmental institution runned by Females?What kind of people going to come ?Just to make a balance?Are they coming ? might be virtually!

lech - 6 October 2016

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