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Zimbabwe reconstruction package will cost $1 billion a year-UK

WARNING: This is Version 1 of my old archive, so Photos will NOT work and many links will NOT work. But you can find articles by searching on the Titles. There is a lot of information in this archive. Use the SEARCH BAR at the top right. Prior to December 2012; I was a pro-Christian type of Conservative. I was unaware of the mass of Jewish lies in history, especially the lies regarding WW2 and Hitler. So in here you will find pro-Jewish and pro-Israel material. I was definitely WRONG about the Boeremag and Janusz Walus. They were for real.

Original Post Date: 2008-04-04 Time: 00:00:00  Posted By: Jan

[This is a great idea by the West, but let’s not jump the gun. Mugabe has not left office yet. But let’s see if we get that far. It appears to me, that Mugabe is about to start the fight of his life. Jan]

LONDON, April 3 (Reuters) – Zimbabwe needs more than $1 billion a year in reconstruction aid and Britain is working with the United States, European Union, World Bank and IMF on a recovery plan, a government source said on Thursday.

Once prosperous Zimbabwe has suffered economic collapse under President Robert Mugabe, who faces the biggest crisis of his 28-year rule after a strong showing by the opposition in last Saturday’s election.

Former colonial ruler Britain has said it is ready to help Zimbabwe if it judges the country has returned to democracy.

“We are working with the World Bank and other donors in preparing to support recovery as soon as positive political change comes,” a spokesman for Britain’s Department for International Development said.

In the event of “continued decline”, Britain was also involved in “contingency planning for a worsening humanitarian crisis”, he said.

British experts estimate Zimbabwe will need three times the $350 million a year in international aid that currently flows to the country to help it get back on its feet after years of economic decline, the source said.

That means it would need more than $1 billion a year in international aid for “at least a few years”, he said.

“We’ve been working together with the EU, U.S., World Bank and IMF to see how we can help,” he added.

Zimbabwe’s opposition Movement for Democratic Change won the parliamentary election but no results have yet been released for the presidential vote. Zimbabwe’s ruling party expects a runoff election and is confident Mugabe will retain power, Deputy Information Minister Bright Matonga said on Thursday.

ECONOMY THE PRIORITY

Mugabe accuses Western countries, especially Britain and the United States, of sabotaging Zimbabwe’s economy and working with the opposition to oust him over his controversial policy of seizing white-owned farms for redistribution to blacks.

The source said details of any aid package would depend on Zimbabwe’s assessment of its needs, but said a priority would be to stabilise the economy. Zimbabwe is suffering the world’s highest inflation at more than 100,000 percent, a virtually worthless currency and shortages of food and fuel.

Other priority areas were likely to be health, education and improving neglected infrastructure as well as justice and human rights, the source said.

British Foreign Secretary David Miliband told parliament this week that the world had to be ready when it had a “partner government” in Harare with comprehensive economic, social, political and security measures to rehabilitate the country.

“We know the Zimbabwean people face a massive rebuilding task. We will help them do that with EU and international colleagues. But that can only happen when and if there is a return to real democracy,” he said.

He said he expected Zimbabwe to be discussed at IMF meetings in Washington next week.

Britain has pledged 45 million pounds ($89.4 million) in humanitarian aid to Zimbabwe this year. It channels aid through the United Nations and charities, shunning the government. (Editing by Janet Lawrence)

Source: http://www.reuters.com/article/latestCrisis/idUSL03932575