Policy
ZDERA’s policy was stated to "support the people of Zimbabwe in their struggle to effect peaceful, democratic change, achieve broad-based and equitable economic growth, and restore the rule of law." This policy was supported by the following findings made by the U.S. Congress:
- The Government of Zimbabwe was unable to participate programs created by the International Bank for Reconstruction and Development and International Monetary Fund Program (IMF) to assist in the transformation and resuscitation of Zimbabwe’s economy. Furthermore, said exclusion to the people of Zimbabwe from the economic and democratic benefits laid out by program donors, including the United States, was because of “economic mismanagement, undemocratic practices, and the costly deployment of troops to the Democratic Republic of the Congo” by the Zimbabwean Government.
- The IMF suspended support under a “Stand By Arrangement” in September 1999 that was approved in August 1999 for economic adjustment and reform. In October 1999, all structural loans, credits, and guarantees to the Government of Zimbabwe were suspended from the International Development Association (IDA). This was followed by a complete suspension of new lending to the Government of Zimbabwe by the IDA in May 2000. By September 2000, the IDA suspended all funds to the Government of Zimbabwe for ongoing projects.
Read more about this topic: Zimbabwe Democracy And Economic Recovery Act Of 2001
Famous quotes containing the word policy:
“The policy of dollar diplomacy is one that appeals alike to idealistic humanitarian sentiments, to dictates of sound policy, and strategy, and to legitimate commercial aims.”
—William Howard Taft (1857–1930)
“Men must learn now with pity to dispense,
For policy sits above conscience.”
—William Shakespeare (1564–1616)
“Letting a hundred flowers blossom and a hundred schools of thought contend is the policy for promoting the progress of the arts and the sciences and a flourishing culture in our land.”
—Mao Zedong (1893–1976)