IMF Warns - Zimbabwe is Facing a Humanitarian Crisis

World | February 28, 2020, Friday // 09:02| Views: | Comments: 0
Bulgaria: IMF Warns - Zimbabwe is Facing a Humanitarian Crisis www.pixabay.com

A major humanitarian crisis threatens Zimbabwe, the International Monetary Fund (IMF), which forecasts almost zero growth in the economy of the African country and a prolonged and severe food insecurity warned.

Although the country's budget for 2020 includes a significant increase in social spending, unless additional assistance is provided, the risks of a major humanitarian crisis are very high.

For nearly 20 years, the country has been in the midst of an economic crisis that has recently been exacerbated by hyperinflation, the lack of basic products, and the frequent and massive power outages, France Press notes.

Like other countries in South Africa, Zimbabwe also suffers from severe drought that has a negative impact on the crop.

The United Nations World Food Program, which is the largest humanitarian agency, said half of Zimbabwe's 15 million people are currently suffering from severe food insecurity.

Zimbabwe President Emerson Mnangagwa, who succeeded autocrat Robert Mugabe at the end of 2017, has failed to keep up with the country's economy, despite his promises.

"Executive directors noted with concern that Zimbabwe is facing an economic and humanitarian crisis exacerbated by policy missteps and climate" an IMF statement said.

"With another poor harvest expected, growth in 2020 is expected at nearly zero with food shortages continuing," the global lender added.

The IMF said while government's 2020 budget provides "a significant increase in social spending, it is likely insufficient to meet pressing social needs, News 24 reported.

"Absent a scaling up of donor support, the risks of a deep humanitarian crisis are high."

At least 7.7 million people need food aid, according to aid agencies, including urban dwellers who in the past could manage on their own.

We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!

World » Be a reporter: Write and send your article
Tags: IMF, humanitarian crisis, Zimbabwe
Advertisement
Advertisement
Expats.bg All Are Welcome! Join Now!
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria