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HARARE, ZIMBABWE, 2 April 2012. The launch of the Policy framework document: Accelerated Arrears Clearance, Debt and Development Strategy (ZAADDS), by the Inclusive government of Zimbabwe on the 16th of March 2012, was a landmark event in the history of the inclusive government. ZAADDS is one among numerous important policy documents this government came up with since birth in 2008.AFRODAD is proud to have participated in the development of this key framework that is premised to resolve Zimbabwe’s debt overhang. |
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Thursday, 22 March 2012
Herald Reporters
Finance Minister Tendai Biti has unveiled a debt resolution strategy that will unlock external financing for economic development. The plan — Accelerated Arrears Clearance, Debt and Development Strategy — seeks ways to retire the country’s US$9,1 billion debt overhang.
President Mugabe and Prime Minister Morgan Tsvangirai have since endorsed the strategy, which will also be presented to development partners. The strategy is a combination of old debt relief mechanisms, injection of capital by development partners, leveraging of natural resources and the removal of illegal sanctions imposed by Western countries.
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Joint media statement Reacting to the announcement that Robert Zoellick is stepping down as World Bank President, a global coalition of campaigners has called for an open and merit-based process to elect the next World Bank leader, and for developing countries to determine the selection. |
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15 February 2012 Dear Governors Appointment of World Bank President As you will soon have to make a decision about a successor to Robert Zoellick as World Bank President, we are writing to urge you to push for the selection of the best candidate through an open, merit-based, transparent process, and to ensure that developing countries play a central role in the selection process. As you know, the Development Committee has endorsed an "open, merit-based and transparent selection process", most recently in April 2011. This underscored previous commitments by the G20, and if implemented would mark a vitally important break with past practice. To ensure the selection of the best candidate, with the legitimacy gained from the support of the wider World Bank membership, not just a powerful minority of countries, we believe three things are essential. First, the candidate must gain the open support from at least the majority of World Bank member countries, and from the majority of low and middle-income countries. As the Bank only operates in developing countries, and has most impact in low-income countries, any candidate that was not supported by these countries would seriously lack legitimacy. In addition to encouraging developing countries to nominate their own candidates, the best way to ensure that developing countries play a central role throughout the selection process is for the successful candidate to be required to gain the support of a majority of both voting shares and member countries. This need not require any formal changes to the Bank's articles of agreement, but could simply be agreed by the Board, to build on the limited proposals agreed in April 2011. To make this work, countries would need to vote independently, not through their constituencies, and declare their support publicly. It is time for the US to publicly announce that it will no longer seek to monopolise the Presidential position. Second, the selection process needs to be significantly strengthened. This should include: having a public application procedure open to anyone to apply; sufficient time to allow proper deliberation; interviews held in public; and open voting procedures. Third, a clear job description and required qualifications should be set out, building on the short version outlined in 2011. Given that the World Bank has a mandate to focus on eradicating poverty and only works in developing countries, the new President should have strong understanding and experience of the particular problems facing those countries. The right candidate needs to be - and be seen to be - independent, and able to work with a variety of stakeholders, including civil society groups. The World Bank needs serious and genuine reform. The selection of the new President is an essential place to start. We trust that you will take a leading role to ensure that promises for reform are honoured. Yours sincerely Endorsed by the following organisations - AFRODAD (African Forum and Network on Debt and Development), Africa region
- Idasa - Economic Governance Programme, Africa region
- Jubilee Australia, Australia
- RESULTS International - Australia, Australia
- KOO, Austria
- Equity and Justice Working Group, Bangladesh
- VOICE, Bangladesh
- 11.11.11, Belgium
- CNCD - 11.11.11, Belgium
- Halifax Initiative, Canada
- IBIS, Denmark
- CEE Bankwatch, Europe Region
- Eurodad, Europe Region
- INKOTA-netzwerk, Germany
- WEED, Germany
- National Insurance Academy, India
- Public interest research centre, India
- INFID, Indonesia
- ActionAid International, international
- Americans for Informed Democracy, International
- CIDSE, International
- Civicius, International
- Gender Action, International
- ITUC, International
- New Rules for Global Finance Coalition, International
- Oxfam International, International
- Tax Justice Network, International
- WFM - Institute for Global Policy, International
- Debt and Development Coalition, Ireland
- CRBM, Italy
- JACSES, Japan
- Fundar, Centro de Análisis e Investigación, México
- Both Ends, Netherlands
- Norwegian Forum for Environment and Development, Norway
- The Norwegian Coalition for Debt Cancellation (SLUG)
- Changemaker
- Diakonia, Sweden
- Action For Global Health, UK
- Bond, UK
- Bretton Woods Project, UK
- CAFOD, UK
- Christian Aid, UK
- Compass, UK
- Fairtade Foundation, UK
- Health Poverty Action, UK
- HelpAge International, UK
- Jubilee Debt Campaign, UK
- new economics foundation, UK
- RESULTS UK, UK
- Stop AIDS Campaign, UK
- Center of Concern, USA
- Friends of the Earth US, USA
- Maryknoll Fathers and Brothers, USA
- RESULTS Educational Fund
- Sisters of St Joseph of Springfield, USA
- Ethical Markets Media, USA & Brazil
- Centre For Social Concern, Malawi
Endorsed by the following individuals: - Donald Sherk
- Dr Robin Broad, International Development Program, American University
- Hazel Henderson
- David Shaman, B-SPAN Coalition
- Prof Longyue Zhao
- Dr Vrajlal Sapovadia
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