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:

Uganda:   Court Jails World Cup Bombers for Life (news)
Deutsche Welle
27 May 2016

Five of seven men found guilty of carrying out deadly bombings in Kampala in 2010 have been given life sentences. They avoided the death penalty for the attacks that targeted fans who gathered to ... [read more]

Ethiopia:   Children Missing After South Sudanese Raid (news)
Al Jazeera
27 May 2016

Dozens of children are still missing after a cross-border raid on villages in the Gambela region of western Ethiopia by South Sudanese tribesmen. Attackers from South Sudan's Merle tribe killed 208 ... [read more]

South Africa:   South Africa's Foetal Alcohol Syndrome Problem (news)
Al Jazeera
27 May 2016

On a weekday afternoon, the waiting room at Saldanha Clinic is filled mostly with women. When seven-year-old Michelle Daniels* enters with her mother, a few stare. She has facial features typical of a ... [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!


Today's Featured News
Mozambique Ruling Party Faces Tough Contest

Renamo supporters: Ruling Frelimo faces a stern challenge at Wednesday's polls from...

Surge in Central African Republic Violence

African Union troops in Bangui (file photo): The UN has expressed alarm...

Nigeria, Cameroon, Ghana Get Crucial Wins

Asamoah Gyan of Ghana (file photo): The Super Eagles have boosted their...