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PDP: African Development Bank must be firm with Zimbabwe

16/11/2016 00:00:00
by Business Reporter
PDP National Spokes-person Jacob Mafume

THE Board of the African Development Bank (AfDB) must insist that the Zimbabwe government implements specific reforms before bailing the country out, opposition People’s Democratic Party (PDP) has said.

Jacob Mafume, PDP national spokesperson, said the international community should stop believing that financial and technical support will steer the country towards positive growth and rule of law.

“In the past, we have consistently maintained that there is need for key reforms to be in place,2 he said in a statement this Tuesday.

“These reforms include; security of the tenure of land, the respect of the Constitution and the rule of law, media and electoral reforms and the repealing of the Indigenisation and Empowerment Act.”

PDP’s recommendation comes ahead of the AfDB board meeting on December 7 to consider the rollover of Zimbabwe’s debt from Pilar 11 funds.

Mafume said with an unproductively huge wage and chronic corruption, any assistance from international monetary institutions will only help to fortify Zimbabwe’s autocratic regime.

Zimbabwe is now losing 60 percent in every dollar to revenue leakages through corruption while almost 97 percent of government revenue is consumed by salaries.

“Given the above scenario, it will be wrong for the AfDB, African governments and the international partners in supporting this rogue regime.

“We therefore maintain that the AfDB must remove Zimbabwe from its agenda of its meeting on 7 December,” he said.

Mafume added, “Further, we ask that all the governments with a conscience must stand up to the brutal regime in Zimbabwe.

“We are totally sick of the efforts of the World Bank, the International Monetary Fund (IMF) and the AfDB of continuing to seek to help a rogue regime against the ordinary citizens.

He added: “This is our country and we know what is best for the country.

“What is best for our country is not to support the rogue regime but rather to support democratic change, democratic reforms and a sustainable Zimbabwe.”


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