POWER SHARING ISSUE THREATENS AID: TSVANGIRAI


Zimbabwe Prime Minister Morgan Tsvangirai said on Wednesday violations of a power-sharing deal with President Robert Mugabe were depriving the country of aid from Western donors pushing for democratic reforms. Old foes Tsvangirai and Mugabe formed a unity government in February that raised hopes of an end to years of political tensions and economic meltdown.

But Tsvangirai said at the launch of a 100-day government economic plan that some members of Mugabe’s ZANU-PF were opposed to reforms and were putting the power-sharing deal at risk. “The continued violations of the rule of law and the GPA (Global Political Agreement) prevent the inflows of development aid, obstructing a progressive legislative agenda and risk keeping Zimbabwe mired in poverty and the fear of persecution,” he said.

International donors are yet to release any funding to the government, insisting the new administration carry out political and economic reforms and open up the media. But Economic Planning Minister Elton Mangoma said the government had nevertheless exceeded its target of securing $1 billion in credit lines from Africa.

The southern African country, ravaged by a decade of economic decline blamed on Mugabe’s policies, urgently needs cash to revive its stricken industries. It estimates it needs a total of $8.3 billion to restore the economy.  Mangoma said the $1 billion would come from African financial institutions such as the African Development Bank (AfDB), the Cairo-based African Export-Import Bank and $150 million from neighbouring South Africa and Botswana.

SOURCED FROM REUTERS

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