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Article: Writethru: Economists say South Africa obliged to help Zimbabwe
- Article from:
- Xinhua News Agency
- Article date:
- October 7, 2008
CopyrightCopyright 2008 Xinhua News Agency. Provided by ProQuest LLC. (Hide copyright information)
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Writethru: Economists say South Africa obliged to help Zimbabwe
HARARE, Oct. 7 (Xinhua) -- Economists in South Africa have said
the country could afford a 2 billion U.S. dollars financial rescue
aid for Zimbabwe's economy, local daily newspaper The Herald
reported on Tuesday.
However, the current global financial crisis makes it difficult
for South Africa to make the bail out single-handedly, the newspaper
said.
"South Africa will have to help Zimbabwe until it is ready to go
to the International Monetary Fund and the World Bank to ask for
credit," Lumkile Mondi, chief economist at South Africa's Industrial
Development Corporation was quoted by the newspaper as saying.
Mundi said South ...