Survey
* Your assessment is very important for improving the workof artificial intelligence, which forms the content of this project
* Your assessment is very important for improving the workof artificial intelligence, which forms the content of this project
Samer Kiblawi Franklin High School: Zimbabwe Second Main Committee 2 February 2010 The IMF: Determining Political and Economic Criteria for Loans Zimbabwe is a developing country in Africa. As a developing country, we receive funding from international financial institutions such as the International Monetary Fund (IMF) and the World Bank, both which regulate economies around the world. Zimbabwe’s representation is important in the IMF and World Bank because it affects how the money is distributed. Zimbabwe needs to fix this economic crisis they are experiencing, where hyperinflation has been occurring for years. Land prices in Zimbabwe are very extreme, leaving very little for development or agriculture, which cannot improve the economy, staying in a backwards cycle. The World Bank needs a structural reform to better help the world’s developing countries, such as Zimbabwe, to be able to continue to achieve their goal in regulating and improving the economy around the world. Zimbabwe is in need of many different aids, many needing monetary aid for governmental actions. Zimbabwe has about 1.8 million people infected with HIV/AIDS and across the nation, more and more people are becoming ill due to lack of sanitation. Recently, Zimbabwe’s health standards went down, due to a cholera outbreak in 2008, which is still going around to this day. Zimbabwe’s imports are increasing, off balancing the import-export economic balance needed to maintain a steady country. For little over a decade, Zimbabwe’s inflation has gone from 32% a year to 231,000,000%. Zimbabwe stands that the World Bank and IMF need a reform, to better help the world, including Zimbabwe, so that each and every developing country has the chance to improve. For Zimbabwe, that means instituting a plan for better health in the country, slowing down the AIDS and cholera outbreak and helping the hyperinflation go down. Sources: http://en.wikipedia.org/wiki/Zimbabwe