The government of Zimbabwe, led by President Robert Mugabe, spent $7.3 million donated by an international organization, the Global Fund, to fight killer diseases on other things and has failed to honor requests to return the money, according to the organization’s inspector general.
Gideon Gono, governor of the Reserve Bank, the custodian of the Global Fund’s money, has been spending large sums this year on a variety of things, according to reports in Zimbabwe’s state-owned media.
Mr. Gono gave the country’s judges new vehicles, satellite dishes and televisions and allocated 79 vehicles for the Information Ministry. He announced the provision of 3,000 tractors, 105 combine harvesters and 100,000 plows for the country’s farm mechanization program. Mr. Ndlovu, the information minister, said the Reserve Bank had been getting foreign currency for imports of food and medicine.
The most shocking part is:
The United Nations’ daily posting of the country’s exchange rate showed that the number of Zimbabwe dollars required to buy a single American dollar rose from 3 million on Oct. 23 to 1 billion the next day, and then to 40 billion on Wednesday and 1.1 trillion on Saturday. For Unicef to continue operating, he said, it must start using American dollars.
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