Finance minister Patrick Chinamasa has begged France to bail out Zimbabwe on its civil servants salary bill.
Chinamasa blew open President Robert Mugabe’s $15billion scrape as he said the sky is the limit while handing his begging bowl to the Paris Club.
“Right now we literally have nothing,” Finance minister Patrick Chinamasa said in Paris, France, as he sought help for economically stricken Zimbabwe.
President Robert Mugabe has revealed that Zimbabwe is short of $15 billion which went missing,under unclear circumstances.
Asked in an interview with Radio France International (RFI) how much credit he was looking for Chinamasa said: “You know there’s no limit”.
Chinamasa travelled to France to meet with lenders at the Paris Club as well as meet business leaders in a bid to revive a comatose economy back home.
Chinamasa is seeking to strike a deal on Zimbabwe’s debt default – so that the country could try and borrow again.
He has to date struck a deal with lenders on Zimbabwe’s almost two billion dollars of arrears. If finalised, the deal would signal Zimbabwe’s return to financial markets after almost two decades.
The agreement has however, been met with skepticism back home.
“Right now we have such a massive liquidity shortage that you can’t even get money out of the banks,” economist John Robertson told RFI by phone.
“The government did an immense amount of damage … through its land reform policies and indigenization law, but it has never wanted to admit they did any damage at all.”
The indigenisation programme has been blamed by economists for the country’s low foreign direct investment (FDI).
“It’s for this reason no one is coming to Zimbabwe and those companies that are here have not recovered,” says Robertson.
This poor economic outlook may have spurred Finance Minister Patrick Chinamasa’s visit to Paris on Thursday.
“I am of course looking for increased lines of credit,” he told RFI.
“We’ve had some French state enterprises who are in the financial sector giving support to our productive sectors through our commercial banks and I’ve come to solicit and also ask that those lines of credit are increased.”
How much credit was he looking for?
“You know there’s no limit,’ Chinamasa replied. RFI
22 Replies to “Chinamasa Begs France For $15bn Cash”
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what happened to their “look east policy”. I just thought they would have gone to China with the empty bowl.I guess the Chinese gvt knows them better and wont dare.
what happened to their “look east policy”. I just thought they would have gone to China with the empty bowl.I guess the Chinese gvt knows them better and wont dare.
Considering Zimbabwe was getting nothing, then the is a limit, at least on what the lenders are prepared to throw away.
Zimbabwe is not ready, not without carrying out meaningful political reforms first, to be trusted with money!
These ZANU stoogies who on one hand pretend to stand up to the West,always end up going back to the West with a Begging bowl.What a bunch of Losers!
These ZANU stoogies who on one hand pretend to stand up to the West,always end up going back to the West with a Begging bowl.What a bunch of Losers!
they are now very old but still borrowing, have you ever asked yourself a question who is going to pay back that money after you are gone?. selfish guys, selfish dad
they are now very old but still borrowing, have you ever asked yourself a question who is going to pay back that money after you are gone?. selfish guys, selfish dad
They stole 15 billion. Now begging to 15 billion. Kkkkk chinamasa is a complete fool. All the ZANU of thugs can easily come up with that money and not even feel the gap it lives in there looting bowls.
So Mnangagwa was spot on. He recently said Zimbabwe is ready for business. I brushed it aside. Now it dawns on me that when he said so Chinamasa was on his way. Thats business. Begging Business. Lol.
So Mnangagwa was spot on. He recently said Zimbabwe is ready for business. I brushed it aside. Now it dawns on me that when he said so Chinamasa was on his way. Thats business. Begging Business. Lol.
Yaaaa. Worse still to buy bullets to kill Zimbabweans. Remember the ship of.shame of 2008 which was full of bullets and guns destined for Zimbabwe to kill the opposition. Later had trouble docking on all ports in southern Africa.
Mugabe and Zanu-PF have no mercy.
Wasu mwabvire kundidakadza, how hoplesly clueless bambo yu. Musharuka akati ndaafufa asi muchachema ngemurume uyu ungonzi Robati, hanzi tode US$15 billion yokuchiote Mphoko staying for almost two years muhotera, imwe ichiyo jurujwa KuSinga pore, mapurazi tichiyotora non reversable, Zesa, PTC-POTRAZ Supa Mwandiwanzira ukutichitadza kuchiyo bahare maobsence salaries, hezvo kuBeitbridge kotsva anhu wotsamwe sezvazviri. Kuhuna koite China Masa ungofunge kuti mare ungo piwa ahaaa ndohwe kunhuwire ngemafuta edhiziri ndohwe ndufu (kurutsa ngekupazha).
Wasu mwabvire kundidakadza, how hoplesly clueless bambo yu. Musharuka akati ndaafufa asi muchachema ngemurume uyu ungonzi Robati, hanzi tode US$15 billion yokuchiote Mphoko staying for almost two years muhotera, imwe ichiyo jurujwa KuSinga pore, mapurazi tichiyotora non reversable, Zesa, PTC-POTRAZ Supa Mwandiwanzira ukutichitadza kuchiyo bahare maobsence salaries, hezvo kuBeitbridge kotsva anhu wotsamwe sezvazviri. Kuhuna koite China Masa ungofunge kuti mare ungo piwa ahaaa ndohwe kunhuwire ngemafuta edhiziri ndohwe ndufu (kurutsa ngekupazha).
AChinamasa woye, mwapuwa ere mare? Mwapuwe marienyi kani?
Ngeyekundopuwa kuti itai madiro nayo ere kana kuti inozode kupetudzwa?
Kuti iri yemadiro, kabva mukana wekusokofora waitazve.
Kuti ichizode kupetudzwa, kabva ndiko kuwanda kwaro bvudzi jena. Munozoiripa ngei minda ne ma industry mwakapedze kuondonga?
AChinamasa woye, mwapuwa ere mare? Mwapuwe marienyi? Ngeyekundopuwa kuti itai madiro nayo ere kana kuti inozode kupetudzwa?
Kuti iri yemadiro, kabva mukana wekusokofora waitazve.
Kuti ichizode kupetudzwa, kabva ndiko kuwanda kwaro bvudzi jena. Munozoiripa ngei minda ne ma industry mwakapedze kuondonga?
Don’t give them please its not going to be used for salaries,its election time and they wanna pay another Israeli company again to rig elections.
Don’t give them please its not going to be used for salaries,its election time and they wanna pay another Israeli company again to rig elections.
This one is a recent grandfather not great grandfather like some of us who became grandfathers before 40 and are now expecting to be great grandfathers before 60. It tells you a story about whether those kids are his. I tried to remind him the other day and had to flee for my life when he called the chief CIO guy shortly after the discussion. I am in hiding right now.
This one is a recent grandfather not great grandfather like some of us who became grandfathers before 40 and are now expecting to be great grandfathers before 60. It tells you a story about whether those kids are his. I tried to remind him the other day and had to flee for my life when he called the chief CIO guy shortly after the discussion. I am in hiding right now.
Chinamasa thinks that the world is full of fools. No sane country can give US$15 billion to a country being led by a 92 years old ever-sleeping great grandfather. Only Zimbabweans can accept to be led by a 92 years old corrupt president, condoning the looting of the country’s resources just for the sole reason of retaining power and oppressing a peaceful people.
Come to me with your begging bowl Mr Chinamasa. You didn’t have to go all the way to France to beg the former colonial master. Are you aware former French colonies are still paying colonial tax to France? What will happen to us if they give you that money, its not for free, you are selling us into slavery. Come back home Chinamasa I have the solution all you need is the humility to listen, respect of your own self and consult your brother.
Come to me with your begging bowl Mr Chinamasa. You didn’t have to go all the way to France to beg the former colonial master. Are you aware former French colonies are still paying colonial tax to France? What will happen to us if they give you that money, its not for free, you are selling us into slavery. Come back home Chinamasa I have the solution all you need is the humility to listen, respect of your own self and consult your brother.