“Zimbabwe Rejected Preconditions Attached To USA’s US$60 Billion Africa Fund” – ED

President Mnangagwa has said that Zimbabwe has rejected preconditions attached to the US$60 billion Africa Fund the USA has disbursed.

Addressing Domboshava residents during this month’s clean-up campaign, the president revealed that Africa is expected to vote alongside the United States of America at the United Nations for them to have access to the money.

This would be a violation of the agreement that was entered into between Africa and China during last year’s Forum for Africa China Cooperation Summit (Focac). The Asian giant, through its Belt and Road Initiative, has been persuading African countries to vote alongside her at the United Nations.

Mnangagwa said that Chinese and American deals have similarities but were only contrasted by demands America is making. He said:

But the Americans’ money comes with preconditions, they said when it’s time to vote at the UN (on any issue), you vote alongside us to access the US$60 billion, but we rejected that. When we vote, we are guided by our national interest of Zimbabwe.

We are a full member of the UN and we can’t sell out. If the money has no such preconditions, we can get it, but if it does have preconditions to sell out, then we don’t.

He added that Zimbabwe was still open to reengagement with any other country.

More: The Herald

 

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2 comments on ““Zimbabwe Rejected Preconditions Attached To USA’s US$60 Billion Africa Fund” – ED

  1. USD34 million exports from Zim to the US last year so how are sanctions affecting trade?!! Looking at the Auditor General’s report on government ministries, I wonder why the US won’t deal with our government?!!

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