UN says to raise $1.6bn for Zimbabwe development

2015-05-29 20:08

Multimedia   ·   User Galleries   ·   News in Pictures Send us your pictures  ·  Send us your stories

Harare - The United Nations plans to raise $1.6bn from donors to improve agriculture, food security, health and governance in Zimbabwe between 2016-2020, its representative in the southern African country said on Friday.

The UN has over the last decade taken a prominent role in raising money for humanitarian and development aid to Zimbabwe after the West withheld direct budget support in 2002 over policy differences with veteran President Robert Mugabe.

Western donors like United States and European Union funnel financial aid through charities and the UN, leaving Zimbabwe to fund its budget from taxes because it does not qualify for international credit due to a foreign debt of $9bn.

Bishow Palajuli, the UN's resident co-ordinator in Zimbabwe said the global agency had raised $1.64bn for its Zimbabwe United Nations Development Assistance Framework (ZUNDAF) which started in 2012 and ends this year and was now seeking to do the same for the next four year period.


Parajuli however said donors were financially stretched, trying to cope with humanitarian crises around the world.

Early this month Zimbabwe asked for financial support from the West for the first time in a decade at a meeting with Western diplomats and international lenders.

The International Monetary Fund has predicted weaker growth in Zimbabwe after a drought hit farm output, while several companies are closing due to lack of credit, power shortages and competition from cheaper imports.

Zimbabwe will this year import 700 000 tons of the staple maize following the drought and officials from foreign relief agencies say up to 1.8 million people - more than a tenth of the population - may require food aid this year.

Read more on:    un  |  robert mugabe  |  zimbabwe  |  southern africa

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Inside News24

Traffic Alerts
There are new stories on the homepage. Click here to see them.


Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.