A top level conference will be held in Belgium next month to finalize plans for an international effort to revive Zaires ailing economy.
A top level conference will be held in Belgium next month to finalize plans for an international effort to revive Zaires ailing economy. The conference plans were discussed this week during two days of talks in Brussels between Zaire's President Mobutu and Belgium government leaders.
SYNOPSIS: The preliminary money talks were held in Palais Diegmont in Brussels. President Mobutu had come seeking assurance that promises of Western aid would be honoured. The Belgian delegation at the two day conference was led by Prime Minister Wilfried Martens and his Foreign Affairs minister Mr. Simonet. President Mobutu was accompanied by his Foreign minister Nguza Kari-i-Bond.
The International Monetary Fund has already approved the so-called Mobutu plan for Zaire's economic recovery. It's agreed to give standby credit worth 152 million dollars. However, observers said the programme assumed Western donor countries would also commit large sums of aid to Zaire. Ten countries have already agreed on an initial aid package of 77 million dollars. However, Zaire is looking for up to 450 million.
Just how much Zaire can expect over the coming three years will be worked out at next month;s Brussel's conference.