BriefingAfrica

SADC’s Zimbabwe Approach Doomed to Fail

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There is no doubt that Zimbabwe needs financial help to revive itseconomy and social services. It is also indisputable that the SouthernAfrica Development Community (SADC) is the best-positioned organizationto spearhead this effort. An extraordinary summit of SADCleaders last month pledged to support Zimbabwe in implementing ashort-term emergency recovery plan, with promises of “budget support,lines of credit, joint ventures and toll manufacturing.” But while theregional group’s ambition to raise $10 billion for Zimbabwe is noble,its approach is bound to fail. A figure like $10 billion mightnot sound like much to Western observers. But in Africa, that amountrepresents the annual budget of […]

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