"Disputing Mr.Ed's Rebuttal on Zim" by Sunny Day - 5.31.19

Entry Submitted by Sunny Day at 7:35 PM EDT on May 31, 2019

"Rebuttal on the Zim 100T Rate" by Mr.Ed - 5.31.19

Greeting,

I would not be able to sleep tonight If I let the this remark stand unchallenged.

I have include the entire post and highlighted the issue.

I have read both the original ZIDERA act of 2001 and the Amendment of 2018.

I was quite easy to google and pull up the PDFs. In neither documents is the statement below of the 1:1 redemption mentioned. In fact, there is no mention of a redemption rate at all.

I do not want unnecessary hopes to be raised. This act was plan for democracy, country stabilization and to stop atrocities. The plan was specific, but generalized, (what needs to be done, but little on how to do it.) Feel free to edit this email as you see fit.

Thank you so much,

Sunny Day

The Original Act 2001 (amendment 2018 in red)

SEC. 4. SUPPORT FOR DEMOCRATIC TRANSITION AND ECONOMIC

RECOVERY.

(2) MULTILATERAL DEBT RELIEF AND OTHER FINANCIAL ASSISTANCE.—It is the sense of Congress that, upon receipt by the appropriate congressional committees of a certification described in subsection (d), the Secretary of the Treasury should—

(A) direct the United States executive director of each multilateral development bank to propose that the bank should undertake a review of the feasibility of restructuring, rescheduling, or eliminating the sovereign debt of Zimbabwe held by that bank reevaluate plans to restructure, rebuild, reschedule, or eliminate Zimbabwe’s sovereign debt held by that bank and provide an analysis based on reasonable financial options to achieve those goals; and

(B) direct the United States executive director of each international financial institution to which the United States is a member to propose to undertake financial and technical support for Zimbabwe, especially support that is intended to promote Zimbabwe’s economic recovery and development, the stabilization of the Zimbabwean dollar currency, and the viability of Zimbabwe’s democratic institutions.
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