Zimbabwean Finance Minister Tendai Biti announced this week that his government had only $217 in the bank. That’s all that was left in government coffers after civil servants were paid. Biti warned that the government doesn’t have enough to fund this year’s presidential election. That leaves the government with no choice: “We will be approaching the international community,” he said. Whether donor countries pay up is an open question. President Robert Mugabe, 88, who’s led–and ruined–Zimbabwe since 1980, has announced he is running again.
Categories: Need to know
Zimbabwe government has only $217 in the bank after paying civil servants
Zimbabwean Finance Minister Tendai Biti announced this week that his government had only $217…