19 January 2018
   
ED Shocker: Mugabe, 93, forgot he fired me
UK-ZIM: Mnangagwa exploits Brexit chance
MDC-T devastated by Bennet’s death
30 ZRP bosses fired, CIO spies too
Parliament: 11 G40 ministers, MPs fired
MDC-T’s Gutu scoffs at party HQ ban
Rule of law under threat – warns Mujuru
24 Nagle High girls up for O’Level fraud
MORE NEWS
SOE DEBATE: Privatise most parastatals
‘Mobile money tax will get dodger vendors’
MORE BUSINESS
Delight as ZBC 'Iron Lady' suspended
Sulu arrested over $4,000 child support
MORE SHOWBIZ
Tendai Ndoro special - says Ajax coach
Zim cricket official charged with fraud
MORE SPORTS
Elections: Not a moment to be lost
A view beyond the Zimbabwe coup
MORE OPINION
 
Mnangagwa off to Davos empty handed
Economy: the need for a paradigm shift
MORE COLUMNISTS
 
 

Zim needs London ‘boys and girls with money’ to kickstart economy – ex-FM Biti

 

24/11/2017 00:00:00
by ANA
 
Zimbabwe needs to make peace with UK, US ... Tendai Biti
 
RELATED STORIES

FORMER finance minister Tendai Biti said on Thursday that Zimbabwe needed to mend relations with foreign donors to help kickstart an economy critics say was run into the ground by long-time President Robert Mugabe.

Mugabe, 93, who had been at the helm of the southern African country since independence from Britain in 1980, stepped down earlier this week, succumbing to pressure from within his own ruling party, the military, as well as angry citizens grappling with high unemployment, chronic cash shortages and crumbling infrastructure.

Biti, a key opposition leader who was finance minister during a short-lived unity government from 2009 to 2013, told a forum in Johannesburg that 95 percent of Zimbabweans were unemployed, while 87 percent lived on less that 35 U.S. cents a day.

Zimbabwe’s economic woes have been exacerbated by foreign donor institutions and governments withholding financial support over differences with Mugabe, including his controversial seizure of white-owned commercial farms and charges that he rigged elections since 2000 to keep his 37-year grip on power.

“I am very hopeful. I am very optimistic. We have removed the baobab tree that is Robert Mugabe,” Biti said on Thursday.

“We have to make peace with London, Brussels and Washington. We have to find the boys and girls with money.”

On Thursday, global news agency Reuters quoted a senior International Monetary Fund (IMF) official as saying Zimbabwe’s economic growth was threatened by high government spending, an untenable foreign exchange regime and inadequate reforms.

“The economic situation in Zimbabwe remains very difficult,” Gene Leon, the IMF’s mission chief for Zimbabwe said in a statement to Reuters.



Advertisement


 
Email this to a friend Printable Version Discuss This Story
Share this article:

Digg it

Del.icio.us

Reddit

Newsvine

Nowpublic

Stumbleupon

Face Book

Myspace

Fark

 
 
 
comments powered by Disqus
 
RSS NewsTicker