Britain throws lifeline to Zimbabwe to resolve cash crisis and debt levels
British Foreign Secretary Boris Johnson said on Wednesday, that his country was willing to help Zimbabwe to stabilise its currency system and solve the cash shortages which have plagued Zimbabwe for the better part of the last two years.
Speaking on the sidelines of the African Union-EU summit in Abidjan, Johnson said that Britain was willing to extend a loan to Zimbabwe to help it clear its obligations to the World Bank and the African Development Bank.
However, Johnson emphasised that any financial support would depend on “democratic progress” made by the country’s new President Emmerson Mnangagwa and his administration.
Those are indeed the things that we would try to do to help Zimbabwe forward, but we’ve got to see how the democratic process unfolds. Recent events in Zimbabwe offer a moment of hope for the country and its people.
This is a time to look to the future and to make clear that Britain shares the common vision of a prosperous, peaceful and democratic Zimbabwe.
I am encouraged by President Emmerson Mnangagwa’s words so far. During his inauguration speech, he promised to reform the economy and give investors the security of title they need if Zimbabwe is to fulfil its potential and create the jobs that are sorely needed.
For as long as the President acts on his words, then Britain is willing to work alongside him and offer all the support we can.