Sunday, April 13, 2008

Zimbabwe needs $1B a year bailout

April 04, 2008 Reuters

LONDON

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 British government source said yesterday.
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.
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Related Document: MDC Transitional Plan

Source: Global Analysis

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