Dear Mr Kaberuka,
Foreign debt has played a major role in the impoverishment of Zimbabwe. We understand that the African Development Bank is taking the lead for creditors in discussions with the Zimbabwean government on what to do with the country’s estimated $7 billion debt.
The Zimbabwe Coalition on Debt and Development is calling for the Zimbabwean parliament to create a debt audit commission which would investigate how the debt was created, who did and did not benefit from the loans, and learn lessons for future borrowing. An official audit would increase democratic accountability over the country’s finances and help give Zimbabweans control over their economy. As a concerned citizen, I am calling on you to respond to the demands of the Zimbabwe Coalition on Debt and Development and:
- Release all information and evaluation of the African Development Bank loans which helped to create Zimbabwe’s debt- Signal that the African Development Bank would support and cooperate with a debt audit in Zimbabwe
c/o Jubilee Debt Campaign
The Grayston Centre
28 Charles Square
+44 (0)20 7324 4722