• Short Summary

    A two-day conference of the ten nations committed to helping Zaire out of its present economic crisis began in Brussels on Thursday (9 November) Zaire presently has foreign debts put at two point seven billion Zaires (3.1 billion dollars) and copper production is expected to fall this year from four hundred and fifty thousand to four hundred and twenty thousand tonnes.

  • Description

    A two-day conference of the ten nations committed to helping Zaire out of its present economic crisis began in Brussels on Thursday (9 November) Zaire presently has foreign debts put at two point seven billion Zaires (3.1 billion dollars) and copper production is expected to fall this year from four hundred and fifty thousand to four hundred and twenty thousand tonnes. Representatives from the United States, West Germany, Britain, France, Canada, Iran, Italy, Japan and Holland attended the meeting along with Zaire and Belgium.

    SYNOPSIS: The meeting was at the Egmont Palace in Brussels, and representing Zaire's President Mobuto Sese Seko was his special Financial Advisor, Monsieur Bokana
    Belgian Foreign Minister, Henri Simonet greeting delegates. He visited Zaire at the end of July, to discuss an international plan to help the country after the rebel invasion of Shaba province in May.

    The nations committed to helping Zaire, including Japan, held their first meeting in June, when they considered a short-term aid programme designed to tackle immediate problems -- famine and poverty. Members decided then that future aid would depend on drastic changes to Zaire's internal administration.

    Monsieur Simonet was joined by Belgium's United Nations representative Monsieur Ernemann. Delegates decided that Belgian officials should go to Zaire to help local customs authorities curb reportedly widespread official corruption. No decisions were made on long-term economic help, because members felt they did not know enough about Zaire's current economic status.

    Zaire has accepted the advice of financial experts to put an official, nominated by the International Monetary Fund (IMF), into the Zaire Central Bank in Kinshasa. The Zaire government is believed to want five hundred million dollars worth of international aid to restore, by 1980, its economic output to the healthy level of 1973.

  • Tags

  • Data

    Film ID:
    VLVA2212SFPFZC79JHBGLJAITMEOB
    Media URN:
    VLVA2212SFPFZC79JHBGLJAITMEOB
    Group:
    Reuters - Source to be Verified
    Archive:
    Reuters
    Issue Date:
    10/11/1978
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Colour
    Duration:
    00:01:36:00
    Time in/Out:
    /
    Canister:
    N/A

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