Zimbabwe: World Bank says allocating funds to Harare sheer waste of resources

The World Bank says it may withhold financial aid to crisis-torn Zimbabwe to "set an example" saying allocating money to President Robert Mugabe's government would be a "terrible waste of funds." World Bank boss Paul Wolfowitz said on Tuesday the financial institution would be allocating funds "very, very carefully, and in the case of Zimbabwe perhaps not at all. My Africa experts say that with the kind of misgovernment that is taking place in Zimbabwe, it is not clear that development is possible at all.”