Category: Odious Debts

Reject odious debt: Senator

(July 4, 2009) Senator Obert Gutu, a legislator from Prime Minsiter Morgan Tsvangirai’s MDC party has called for an audit of the country’s debt, insisting that long-suffering tax-payers should not be made to pay for the actions of greedy and irresponsible politicians and government officials.

Changing Times Online

(July 1, 2009) The Prime Minister, Hon. Morgan Tsvangirai has endorsed the move taken by MDC ministers in boycotting yesterday’s cabinet meeting as he understands their frustrations and concerns over the delays in the full implementation of the Global Political Agreement (GPA).

World Bank seeks to increase lending to the developing world

(June 15, 2009) As the economic crisis continues to work its way through the global economic system, the World Bank is using the slowdown as an opportunity to increase lending to the developing world. According to the bank’s president, Robert Zoellick, the bank will increase its lending by $100 billion over the next three years. In 2009 alone, the bank plans to triple its lending from $13.5-billion to $35-billion.