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:
“Our policy is directed not against any country or doctrine, but against hunger, poverty, desperation and chaos. Its purpose should be the revival of a working economy in the world so as to permit the emergence of political and social conditions in which free institutions can exist.”
—George Marshall (1880–1959)
“We are apt to say that a foreign policy is successful only when the country, or at any rate the governing class, is united behind it. In reality, every line of policy is repudiated by a section, often by an influential section, of the country concerned. A foreign minister who waited until everyone agreed with him would have no foreign policy at all.”
—A.J.P. (Alan John Percivale)
“The Oregon [matter] and the annexation of Texas are now all- important to the security and future peace and prosperity of our union, and I hope there are a sufficient number of pure American democrats to carry into effect the annexation of Texas and [extension of] our laws over Oregon. No temporizing policy or all is lost.”
—Andrew Jackson (1767–1845)