Finance minister: Zimbabwe has $217 left in the bank

From Foreign Policy Tue Jan 29 2013, 13:06:54

Though economic conditions have improved in Zimbabwe since the days of 231 million percent inflation, this week brought some pretty disturbing news

After paying public workers' salaries last week, the balance in cash-strapped Zimbabwe's government public account stood at just $217, Finance Minister Tendai Biti said Tuesday.

"Last week when we paid civil servants there was $217 (left) in government coffers," Biti told journalists in the capital Harare, claiming some of them had healthier bank balances than the state.

"The government finances are in paralysis state at the present moment. We are failing to meet our targets."

[view whole blog post ]
 See More    |     Report Abuse

People and Organizations:


You might also be interested in the following news stories:

Burkina Faso:   Army Chief Takes Over (news)
Deutsche Welle
31 October 2014

The head of Burkina Faso's armed forces has taken power after mass demonstrations forced President Blaise Compaore to resign. There have been days of violent protests against the leader's 27-year ... [read more]

Liberia:   Malaria Must Be Treated Too - MSF (press release)
Medecins Sans Frontieres
31 October 2014

Every year, malaria claims victims in Liberia. The disease is endemic there. However, with the Ebola epidemic, it has become very difficult, if not impossible, to obtain treatment. In response, MSF ... [read more]

Sudan:   'Al Bashir Deserves Nobel Prize' (news)
Radio Dabanga
30 October 2014

According to the Sudanese Minister of Information, President Omar Al Bashir is a man of peace who should have been awarded the Nobel Peace Prize for ending the war between Khartoum and the southern ... [read more]



blogAfrica is allAfrica.com's platform to help you keep an ear on the African blogosphere. We draw diverse voices from around the world who post regularly and insightfully about African issues. Bloggers, submit your blog's rss-feed!