Thursday, June 12, 2025
No Result
View All Result
News Report  Zimbabwe
  • News that Matters
    • News
    • Health and Diseases
    • Technology
    • Religion
    • Horror and Disaster
    • Elections 2023
  • Crime and Courts
  • Celebrity
  • Sports
  • Mjolo
  • Breaking News
  • News that Matters
    • News
    • Health and Diseases
    • Technology
    • Religion
    • Horror and Disaster
    • Elections 2023
  • Crime and Courts
  • Celebrity
  • Sports
  • Mjolo
  • Breaking News
No Result
View All Result
News Report  Zimbabwe
No Result
View All Result
Home News

Jacob Zuma Praises Zimbabwe At The Africa Voluntary Carbon Credits Market Forum In Vic Falls

July 8, 2023
0
Jacob Zuma Praises Zimbabwe At  The Africa Voluntary Carbon Credits Market Forum In Vic Falls

Former South African President, Jacob Zuma, has criticised the International Monetary Fund (IMF) for its 2001 decision to withhold credit facilities from Zimbabwe, describing it as unjust.

Speaking at the Africa Voluntary Carbon Credits Market Forum in Victoria Falls where he was representing the Belarus Africa Foreign Trade Association (BAFTA), Zuma praised Zimbabwe’s leadership for exhibiting unique qualities to internally solve its challenges and proffer tangible solutions to the continent. He commended Zimbabwe for its participation in the climate economy through the AVCCMF, which has set the tone for Africa Agenda 2063. He said:

You will recall that it was in 2001 when the International Monetary Fund, declared Zimbabwe unsuitable to access its resources.

The irony of the International Monetary Fund, shows that their decision was wrong and unfair, because the people of Zimbabwe have shown .

Under the Zimbabwean leadership, in the identification, adoption and implementation of this platform of trading Carbon Credits, Zimbabweans have proved beyond reasonable doubt, that they are more than capable of addressing the problems facing Zimbabwe and the entire African continent.

IMF withheld credit facilities from Zimbabwe over arrears. After clearing its $107.9m debt to the IMF in 2016, Zimbabwe’s Finance Minister Mthuli Ncube, known as “the IMF man”, embarked on a programme in 2018 to pay off other debts owed to the World Bank and the AfDB, resulting in a shortage of funds to run domestic affairs. The idea of paying the money was meant to unlock new credit facilities from IMF.

However, in March 2020, the IMF announced that Zimbabwe did not qualify for the $50bn IMF facility to cushion low-income countries impacted by the coronavirus. The regular programmes that the IMF offered member countries impacted by COVID-19 were not available to any country with arrears to international financial institutions such as the World Bank, AfDB, and the European Development Bank.

Source Pindula News

Tags: victoria Falls

Related Posts

Fire Rages Through Sterling Plaza Building

Fire Rages Through Sterling Plaza Building

by Nyathi
June 12, 2025
0

BULAWAYO-A devastating fire broke out at the Sterling Plaza Building along Jason Moyo Street yesterday, causing significant damage to several...

Gukurahundi Hearings Face Criticism Over Restrictions

Gukurahundi Hearings Face Criticism Over Restrictions

by Nyathi
June 12, 2025
0

The Mthwakazi Republic Party (MRP) has expressed concerns over the government's handling of Gukurahundi public hearings, specifically citing restrictions on...

Tragic Accident Claims Life of Young Man in Mbizo 7

Tragic Accident Claims Life of Young Man in Mbizo 7

by Nyathi
June 12, 2025
0

  A devastating incident has shaken the community of Mbizo 7 in Kwekwe. On June 9, 2025, 20-year-old Tinotenda Keith...

Fake Certificates Exposed-Two Student Nurses Under Investigation

Fake Certificates Exposed-Two Student Nurses Under Investigation

by Nyathi
June 12, 2025
0

A scandal has rocked Chitungwiza Central Hospital after two student nurses, Paidamoyo Samantha Muchira and Makanaka Chatikobo, were found to...

Tap & Go Taxi Service Takes the Wheel in Zimbabwe

Tap & Go Taxi Service Takes the Wheel in Zimbabwe

by Nyathi
June 11, 2025
0

In a bid to revolutionize the country's transportation sector, the Special Investment Advisor to the President, Dr. Paul Tunguwara, officially...

The Pinnacle of Poverty- Bulawayo City’s Glorious Donation

The Pinnacle of Poverty- Bulawayo City’s Glorious Donation

by Nyathi
June 11, 2025
0

In a shocking display of municipal majesty, the City of Bulawayo has reached new heights of desperation, proudly accepting a...

Please login to join discussion

Trending News Today

  • Susan Mutami’s Desperate Plea To  Temba  Mliswa

    Susan Mutami’s Desperate Plea To Temba Mliswa

    313 shares
    Share 125 Tweet 78
  • The Pilot Who Flew Under the Radar for 20 Years

    151 shares
    Share 60 Tweet 38
  • Tragic Accident Claims Life of Young Man in Mbizo 7

    68 shares
    Share 27 Tweet 17
  • Tragic Incident in Dema Village Under Investigation

    66 shares
    Share 26 Tweet 17
  • Former Nssa Boss Acquitted of Fraud Charges

    59 shares
    Share 24 Tweet 15
  • Police Officer Arrested in Connection with Death in Custody

    49 shares
    Share 20 Tweet 12
  • Fake Certificates Exposed-Two Student Nurses Under Investigation

    48 shares
    Share 19 Tweet 12
  • Mai Titi Warns Against Misuse of Her Content

    47 shares
    Share 19 Tweet 12
  • Drama at a Funeral: Speaking Ill of the Dead Doesn’t Pay

    168 shares
    Share 67 Tweet 42
  • Charges Dropped, But Drama Continues

    75 shares
    Share 30 Tweet 19

Popular This Week

  • Susan Mutami’s Desperate Plea To  Temba  Mliswa

    Susan Mutami’s Desperate Plea To Temba Mliswa

    313 shares
    Share 125 Tweet 78
  • Widow Caught in Bed With Lover a Week After Burying Husband

    236 shares
    Share 94 Tweet 59
  • Two Zimbabwean Care Home Workers in the UK attacked, one killed

    201 shares
    Share 80 Tweet 50
  • Sangoma Turns to Lion Snack

    181 shares
    Share 72 Tweet 45
  • GOVERNMENT BANS DEADLY MUSOMBODHIYA BREW

    178 shares
    Share 71 Tweet 45
  • ZEP Holders Breathe a Sigh of Relief as SCA Rules in Their Favor

    176 shares
    Share 70 Tweet 44
  • Drama at a Funeral: Speaking Ill of the Dead Doesn’t Pay

    168 shares
    Share 67 Tweet 42
  • The Pilot Who Flew Under the Radar for 20 Years

    151 shares
    Share 60 Tweet 38
  • Zimbabwean Woman Wanted in Botswana for Murder

    122 shares
    Share 49 Tweet 31
  • Chiredzi: CIO Officer Goes Rogue

    118 shares
    Share 47 Tweet 30

Popular This Month

  • How to Legally Avoid Paying the US$92 ZBC Radio Licence Fee in Zimbabwe

    How to Legally Avoid Paying the US$92 ZBC Radio Licence Fee in Zimbabwe

    611 shares
    Share 244 Tweet 153
  • Bulawayo Police Bust Vuzu Party, Arrest 13 Youths

    328 shares
    Share 131 Tweet 82
  • Unhealed Wounds-Remembering the 21 Mothers of Emkhonyeni Who Were Burnt Alive

    317 shares
    Share 127 Tweet 79
  • Susan Mutami’s Desperate Plea To Temba Mliswa

    313 shares
    Share 125 Tweet 78
  • Fatal Dog Attack Exposes Mike Mupinga’s Troubling Past

    284 shares
    Share 114 Tweet 71
  • Loophole or Legal Gymnastics? Zimbabwean Schools Find Ways Around Fee Payment Rule

    250 shares
    Share 100 Tweet 63
  • New ‘ lobola’ Fees for Foreigners Seeking Medical Care in Gauteng

    244 shares
    Share 98 Tweet 61
  • Widow Caught in Bed With Lover a Week After Burying Husband

    236 shares
    Share 94 Tweet 59
  • Philanthropy or Publicity Stunt? Wicknell Chivayo’s Lavish Gift to Jah Prayzah’s Team

    219 shares
    Share 88 Tweet 55
  • Two Zimbabwean Care Home Workers in the UK attacked, one killed

    201 shares
    Share 80 Tweet 50

Most Read Stories

  • “Zimbabwe Is Discrediting SADC”

    ZANU PF Accused Of Bribing SADC Elders To Retain From Losing Power

    5241 shares
    Share 2096 Tweet 1310
  • Madzibaba gets Toyota Aqua after explaining new currency ZiG to church

    4534 shares
    Share 1814 Tweet 1134
  • Breaking News: Zimbabwe launches New Currency (Zig)

    4279 shares
    Share 1712 Tweet 1070
  • Guide : How to access 2023 Zimsec Ordinary O Level results online

    3973 shares
    Share 1589 Tweet 993
  • Uganda Police Officer Shoots Wife Dead After Mocking Him Over Man-U Loss

    3895 shares
    Share 1558 Tweet 974
  • Floods hit Gweru

    3594 shares
    Share 1438 Tweet 899
  • Mashura pa Gokwe musi wa 12.02.24

    3544 shares
    Share 1418 Tweet 886
  • Secret message for ED after his inauguration

    3482 shares
    Share 1393 Tweet 871
  • Heatwave Warning:Expect Extremely hot temp ranging from 36° to 41° until 12 March

    3394 shares
    Share 1358 Tweet 849
  • Here is the reckless Kombi Driver!!!!!!!!!!! See pics here

    3218 shares
    Share 1287 Tweet 805

  • About Us
  • Contact Us
  • FAQ
  • Privacy Policy
  • Terms of Service
  • Home

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • News that Matters
    • News
    • Health and Diseases
    • Technology
    • Religion
    • Horror and Disaster
    • Elections 2023
  • Crime and Courts
  • Celebrity
  • Sports
  • Mjolo
  • Breaking News