Zimbabwe bank gives back aid cash

The Reserve Bank of Zimbabwe has given back $7.3 million (£4.6 million) to an international organisation fighting communicable diseases.

Zimbabwe came under fire last week for failing to account for the cash, which had been given to the country to tackle malaria, tuberculosis and HIV/Aids by the Global Fund.

According to VOA news, the bank returned the cash in anticipation of a favourable outcome from recent Global Fund discussions about future donations.

However, the regional coordinator of the Southern Africa Treatment Access Movement Tapiwa Kujinga said that despite having produced the missing money, Zimbabwe had not been guaranteed future funding.

Inflation has rocketed under Robert Mugabe’s regime in Zimbabwe, running at more than 200 per cent.

This has affected the savings in Zimbabwean banks as well as the price of day to day items, which change every few hours.

Global Fund leaders have met in India to discuss the allocation of $3 billion of funding to combat communicable diseases.

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