2. US$20BN AID News Release 11 June, 2009 The United States has made a dramatic U-turn on its policies against Zimbabwe after a successful dialogue between Prime Minister Morgan Tsvangirai and Barak Obama at White House yesterday. Secretary of State Hillary Rodham Clinton has announced an immediate bail out package under the ‘Zimbabwe Economic Revival Programme’. The deal includes a US$20 billion tranche and subsequent payouts of US$1 billion annually over a 5 year period. This comes as President Robert Mugabe announced his resignation both as head of state and as First secretary of Zanu PF citing deteriorating health during a recent politburo meeting. The package has widely been described by analysts as a huge economic panacea at a time when the country is reeling from more than a decade of poverty, 87% unemployment and a runaway inflation. Click on the red dot button below to a view detailed summary of the statement and how the money will be disbursed. Republic of Zimbabwe, June 2009

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