Mugabe to blame: SA analyst

An economic analyst based in South Africa, Kenneth Moelapise, has said that President Robert Mugabe’s untrustworthiness is to blame for the prolonged economic downturn that continues to hold Zimbabwe back.

Moelapise, who is touring timber plantations in the Eastern Highlands, said Mugabe and Reserve Bank Of Zimbabwe Governor Gideon Gono abused the financial aid that the international community provided over the years.

“While the MDC-T seemed to have a clear economic plan for the country, Mugabe and Gono were devoid of plans on how to deal productively with financial aid from the international community like the International Monetary Fund,” he said.

Moelapisi added that Zimbabwe would continue to have similar problems, if Zanu (PF) party was allowed to meddle in the finances of the country.

“The problem is that Zanu (PF) wants the money to be used as soon as possible on trivial issues like funding farm mechanisation, but the majority of the resettled farmers are not trained and have been producing nothing from the land that they grabbed. On the other hand, the MDC-T, through its Finance Minister (Tendai Biti), wants to lay down a plan of how the country’s finances can be used productively. This has created a severe stalemate that needs to be solved amicably as a matter of urgency,” he said.

According to Moelapise, Zimbabwe needs to begin servicing its huge debt to the international community so that balance of payment support continues to grow.

Post published in: News

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