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:

Africa:   Ebola Cases Now Exceed 10,000 (document)
allAfrica.com
25 October 2014

An overview of the current state of Ebola infections is provided by excerpts from the October 25 situation report of the World Health Organization's Ebola Response Roadmap: [read more]

Nigeria:   Govt Forces in Deadly Battle With 'Terrorists' (news)
Leadership
26 October 2014

Dozens of Boko Haram terrorists were killed between Friday night and Saturday morning in Abadam town of Borno State after a fierce gun battle between troops of the Multi National Joint Task Force ... [read more]

Mauritania:   Mauritania Shuts Border With Mali Over Ebola (news)
Deutsche Welle
25 October 2014

Mauritania has closed its border with Mali after the country reported its first Ebola death near the frontier shared by the two countries. The WHO says more than 10,000 people have now been infected ... [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!