Samer Kiblawi
Franklin High School: Zimbabwe
Second Main Committee
2 February 2010
The IMF: Determining Political and Economic Criteria for Loans
Zimbabwe is a developing country in Africa. As a developing country, we
receive funding from international financial institutions such as the International
Monetary Fund (IMF) and the World Bank, both which regulate economies around the
world. Zimbabwe’s representation is important in the IMF and World Bank because it
affects how the money is distributed.
Zimbabwe needs to fix this economic crisis they are experiencing, where
hyperinflation has been occurring for years. Land prices in Zimbabwe are very extreme,
leaving very little for development or agriculture, which cannot improve the economy,
staying in a backwards cycle. The World Bank needs a structural reform to better help
the world’s developing countries, such as Zimbabwe, to be able to continue to achieve
their goal in regulating and improving the economy around the world. Zimbabwe is in
need of many different aids, many needing monetary aid for governmental actions.
Zimbabwe has about 1.8 million people infected with HIV/AIDS and across the
nation, more and more people are becoming ill due to lack of sanitation. Recently,
Zimbabwe’s health standards went down, due to a cholera outbreak in 2008, which is still
going around to this day.
Zimbabwe’s imports are increasing, off balancing the import-export economic
balance needed to maintain a steady country. For little over a decade, Zimbabwe’s
inflation has gone from 32% a year to 231,000,000%. Zimbabwe stands that the World
Bank and IMF need a reform, to better help the world, including Zimbabwe, so that each
and every developing country has the chance to improve. For Zimbabwe, that means
instituting a plan for better health in the country, slowing down the AIDS and cholera
outbreak and helping the hyperinflation go down.
Sources:
http://en.wikipedia.org/wiki/Zimbabwe