Wednesday, August 03, 2005

South Africa: SA agrees to loan Zim $$$

Nobody can be truly surprised by this ...
Cabinet has confirmed South Africa's willingness, in principle, to assist Zimbabwe, including providing a loan facility in relation to Zimbabwe's obligations to the International Monetary Fund (IMF).

Briefing the media after Cabinet's fortnightly meeting today, Joel Netshitenzhe, the government communications (GCIS) head, said government's approach on the issue was premised on the principle that such assistance should benefit the Zimbabwean people as a whole, "within the context of their programme of economic recovery and political normalisation."

Further, government would work with the United Nations (UN) and South African religious leaders to provide emergency humanitarian assistance, including particularly in the aftermath of "Operation Restore Order", he said. (source)
Zimbabwe had asked for US$1 billion.