An International conference has begum in Brussels to find ways of reviving Zaire's ailing economy.?
An International conference has begum in Brussels to find ways of reviving Zaire's ailing economy. Experts from 12 countries will seek solutions to the copper rich African nation's international debt, it's poorly managed economy, and low world copper prices.
SYNOPSIS: The conference at the Egmont Palace, has taken on added urgency following last month's invasion of Shaba Province by Katangese rebels. Delegates arriving at the conference were heartened by news that the European Economic Community has agreed, in principle, to give Zaire fresh economic aid. This time though, the aid will be directed strictly at projects the EEC considers will best help the economy, and many only follow Zaire agreeing to the sue of more Western experts to direct budget spending. The delegates will also consider a recovery plan prepared by Zaire's President, Mobutu Sese Seko. The plan seeks help for agriculture, infrastructure, mining, and administrative reform, but with a 1.5 to five billion dollar price tag, may be considered out of reach. Britain's Foreign Secretary, Dr David Owen, has said the EEC could provide up to 100 million dollars through the European Development Fund, but it's not known if the International Monetary Fund will be prepared to provide the balance.
The Iranian delegation,like most of the others, represent countries that have already provided Zaire with financial and technical help. Just how much further those countries are prepared to go will depend on a stronger future for copper and Zaire's willingness to use any future aid efficiently, and as directed.