Means of Support
ZDERA proposed two sectors of financial support for the Zimbabwean economy under the imposed sanctions.
- Bilateral debt relief: the Secretary of the Treasury would conduct a review of the ability of “restructuring, rescheduling, or eliminating the sovereign debt of Zimbabwe held by any agency of the U.S. Government.”
- Multilateral debt relief and other financial assistance: the Secretary of the Treasury would be allowed to direct the U.S. executive director of each multilateral development bank to “propose that the bank should undertake a review of the feasibility of restructuring, rescheduling, or eliminating the sovereign debt of Zimbabwe held by that bank” as well as to instruct the U.S. executive director of international financial organizations to which the U.S. is a member to proposition financial and technical support for Zimbabwe. Particularly if these means promoted “economic recovery and development, the stabilization of the Zimbabwean dollar, and the viability of Zimbabwe’s democratic institutions.”
Read more about this topic: Zimbabwe Democracy And Economic Recovery Act Of 2001
Famous quotes related to means of support:
“[T]here is no situation so deplorable ... as that of a gentlewoman in real poverty.... Birth, family, and education become misfortunes when we cannot attain some means of supporting ourselves in the station they throw us into. Our friends and former acquaintances look on it as a disgrace to own us.... If we were to attempt getting our living by any trade, people in that station would think we were endeavoring to take their bread out of their mouths.”
—Sarah Fielding (1710–1768)