Evaluation and Development Strategies: Zimbabwe

IMF and World Bank

IMF: An International organization of 184 countries.

  • +stabilies exchange rates, encourage economic growth, high employment, short term financial aid to balance the payments.
  • +international judge.

Word Bank: UN’s special agancies.

  • +reach the milemium development goals (reduce poverty)
  • -concerned with long term growth by the construction of the countries through infrastructure.
  • +Internationa Bank for Reconstruction and developmen, International Development Assosciation.

Zimbabwe:

In 2007, the Bank had approved 19 IBRD loans and 14 IDA credits for a total of approximately US$1.6 billion.

Stuctural Adjustment Programs: a section of the rescue package for developing countries and it is important for them to accept the following.

-drop subsidies and price controls
-Cut public expenditure
-Reduce the quantity of money in circulation
-Reduce people employed in the public sector
-Decrease domestic inflation
-Create home markets
-Privatise essential utilities such as gas, water and electricity

Zimbabwe:

“The Bank’s role here is now limited to technical assistance and analytical work focusing on macroeconomic policy, food security issues, social sector expenditures, social service delivery mechanisms and HIV/AIDS. “

http://web.worldbank.org/WBSITE/EXTERNAL/COUNTRIES/AFRICAEXT/ZIMBABWEEXTN/0,,menuPK:375742~pagePK:141159~piPK:141110~theSitePK:375736,00.html

International organizations

Food and Agriculture Organization of the UN: created in 1945 to help the standard of living. They help against malnutrition, hunger, and poverty by promoting agricultural development and the pursuit for securable food.

+reduce the number of hunger from 50% to 20%

UNICEF: organization to help children to develop fully by reducing obstacles such as hunger, discrimination, povert, and diseases.

UNESCO: promote peach through education and scientific and improve on the countries cultural aspect to gain respect and justice.

WHO: UN’s agancy for health: goal = obtain the highest possible health care for everyone in the world.

Private sector banks: loan money at commerical rates to countries

-inbebtness and hardships to pay the loaners back

NGO’s: non-governmental organizations

  • helps local issues
  • encourage employment
  • specialise in specific and rural-based works
  • project monitoring
  • some connection with the governenment

Mutlinational corporations: has control about 70% of the world trade. There are benefits of comparative advantage to help the developing countries and gain enployment.

  • growth of international trade
  • encourage globalization
  • the incentive to gain maximum profit increase productivity
  • increase power: EU and NAFTA

Conclusion:

In January 2009  the United Nations Children’s Fund (UNICEF) have announced a $5 million donation for Zimbabwe’s besieged health sector to help it battle an out-of-control cholera epidemic and the effects of collapsing health services. With this large amount of medical aid, it can provide people with proper food supply and began importing vaccination in order to fight against diseases like cholera but as well as others such as malaria thapoid fever to decrease the rapid number of deaths. With the country struggling through a bad years of failed harvests, bad governance and hyperinflation the only solution is to change the president and maintain healthy relationship with humanitarian organization to continue recieving enough aid to be able to push the economy and raise the standard of living by a little. These little changes with eventually help in the long run. The essence of development is for the country to recieve the oppurtunity to grow and start over and improve on productivity and effiency to change from a developing country to a developed country.

The video below will show the possibilities and new outcome with the positive relationship between President Obama and Prime Minister Tsvangirai of Zimbabwe

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~ by scioneconblog on February 10, 2010.

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