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(单词翻译:双击或拖选)
Zimbabwe Finance Minister Tendai Biti says the hundreds of millions of dollars pledged by the International Monetary1 Fund earlier this month will be used to rebuild the country's infrastructure2.
Earlier this month, Central Bank Governor Gideon Gono made a statement through the partisan3 public media saying Zimbabwe had been awarded $500 million from the International Monetary Fund.
The IMF said the money, in the form of special drawing rights that have to be sold to turn it into cash, was allocated4 to Zimbabwe and 185 other IMF countries in a one-time loan to help them cope with the world recession.
Finance Minister Tendai Biti says he is in close contact continuously with the IMF, and after consultations5 has decided6 that as bilateral7 aid is not forthcoming, he will use the IMF money to rebuild schools, hospitals, roads, railways and communications.
Since becoming the unity8 government finance minister, Biti has eliminated the Zimbabwe dollar and introduced U.S. dollars and the South African rand to stabilize9 the economy.
In an interview in a weekly newsletter published by the unity government's prime minister, Morgan Tsvangirai, Biti hinted at tension between himself and Gono. In a clear reference to the financial chaos10 of the previous ZANU-PF administration he said Zimbabwe's era of what he called 'Zombie' economics were over, as was the "era of of the state acting11 as the arena12 for personal enrichment."
He described the previous administration as a "kleptocracy" and said he would ensure the IMF's once-time award was used for the benefit of the people as a whole and not individuals.
Gono, who has been widely accused of usurping13 the finance ministry's powers before the inclusive government was sworn into power in February, was responsible for the printing of large amounts of money and triggering the record-breaking inflation that crippled the economy last year.
In his interview Finance Minister Biti painted a grim picture of the Zimbabwe economy, saying it has a debt of $5 billion, of which the central bank debt is $1 billion.
He said the national debt, inherited by the inclusive government, as a percentage of gross domestic product was more than 150 percent and that this debt was two-and-one-half times greater than the value of Zimbabwe's total exports. He said Zimbabwe's indebtedness, including current arrears14, which he said were a result of previous economic mismanagement, prevented Zimbabwe from accessing cheap loans from institutions like the World Bank.
Western countries have said they will only provide development aid when the year-old political agreement signed by Mr. Mugabe and Mr. Tsvangirai is fully15 implemented16.
Zimbabwe has received more than a $1-billion in humanitarian17 aid since the economic crisis began in earnest in 2000.
The IMF says another $10 million was awarded to Zimbabwe, but is being held back until it clears $140 million in current arrears to the fund.
1 monetary | |
adj.货币的,钱的;通货的;金融的;财政的 | |
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2 infrastructure | |
n.下部构造,下部组织,基础结构,基础设施 | |
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3 partisan | |
adj.党派性的;游击队的;n.游击队员;党徒 | |
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4 allocated | |
adj. 分配的 动词allocate的过去式和过去分词 | |
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5 consultations | |
n.磋商(会议)( consultation的名词复数 );商讨会;协商会;查找 | |
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6 decided | |
adj.决定了的,坚决的;明显的,明确的 | |
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7 bilateral | |
adj.双方的,两边的,两侧的 | |
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8 unity | |
n.团结,联合,统一;和睦,协调 | |
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9 stabilize | |
vt.(使)稳定,使稳固,使稳定平衡;vi.稳定 | |
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10 chaos | |
n.混乱,无秩序 | |
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11 acting | |
n.演戏,行为,假装;adj.代理的,临时的,演出用的 | |
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12 arena | |
n.竞技场,运动场所;竞争场所,舞台 | |
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13 usurping | |
篡夺,霸占( usurp的现在分词 ); 盗用; 篡夺,篡权 | |
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14 arrears | |
n.到期未付之债,拖欠的款项;待做的工作 | |
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15 fully | |
adv.完全地,全部地,彻底地;充分地 | |
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16 implemented | |
v.实现( implement的过去式和过去分词 );执行;贯彻;使生效 | |
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17 humanitarian | |
n.人道主义者,博爱者,基督凡人论者 | |
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