Categories: Stories

Has MDC panicked over Zimbabwe-IMF deal?

Full statement:

IMF SMP – an abortive entry point for full support of the regime

The proposed IMF Staff Monitored Program is an entry point for full support of the regime and it ignores the factors arresting the Zimbabwean economy.

Zimbabwe has had a stolen election; it was disputed by most players including the biggest political party, the MDC.  More importantly, the election was condemned by every credible local and international observer mission.

The IRI/NDI observer mission found the election to have shortcomings “giving rise to deep concerns that the process has not made the mark.”

The EU observer mission referred to the results of the election to have contained many anomalies and inaccuracies.

On the other hand the Common Wealth Group found the public media to have been biased towards Zanu PF, the security forces to have acted on behalf of Emmerson Mnangagwa and that incumbency privileges tilted the playing field in favor of the governing party. As such, the mission concluded that, “we are unable to endorse all aspects of the process as credible, inclusive and peaceful.”

Ever since the political situation has deteriorated, violence broke out on the 1st of August, the Zimbabwe National Army opened fire on unarmed civilians indiscriminately and at least 7 people lost their lives, many others were injured.

In January 2019, a reckless 147 percent fuel increase announcement triggered a nationwide stay away called by the biggest labour movement- the Zimbabwe Congress of Trade Unions.

In response to the Stay Away, the government deployed soldiers especially in high density suburbs who maimed and killed civilians indiscriminately; they committed other heinous crimes like rape, torture, abductions and robbery.

The fact of the matter is that the authority of Zanu PF to govern is not based on consent from the masses, their stay in power is now solely based on coercion and attrition.

A total breakdown of the social contract is without doubt a huge factor on the economy. Those in power are answerable to themselves, they have no concern of accountability, they pursue a narrow agenda of power retention and self-aggrandizement.

The economy is failing, despite initially predicting that the Zimbabwe economy will grow, even by IMF figures, the economy will shrink by up to 5.2 per cent.

The budget deficit continues to widen by unexplained holes.

Continued next page

(408 VIEWS)

Don't be shellfish... Please SHARE
Google
Twitter
Facebook
Linkedin
Email
Print

This post was last modified on April 13, 2019 9:19 pm

Page: 1 2 3

Charles Rukuni

The Insider is a political and business bulletin about Zimbabwe, edited by Charles Rukuni. Founded in 1990, it was a printed 12-page subscription only newsletter until 2003 when Zimbabwe's hyper-inflation made it impossible to continue printing.

Recent Posts

ZiG kicks off third week on a stronger note

Zimbabwe’s new currency kicked off its third week on a stronger note raising questions as…

April 22, 2024

Zimbabwe asks US to tell its banks they can now deal with Harare

Zimbabwe Finance Minister Mthuli Ncube is asking the US government to tell banks that they…

April 20, 2024

Zimbabwe worried ZiG is appreciating too fast?

Zimbabwe, whose currency declined 80% this year before being abandoned, is now worried about its…

April 19, 2024

ZiG confusion

Zimbabwe’s new currency, the Zimbabwe Gold (ZiG,) continued to firm against the United States dollar…

April 19, 2024

US congratulates Zimbabwe on its 44th anniversary, but maintains sanctions on the country

United States Secretary of State Antony Blinken has congratulated Zimbabwe on its 44th independence anniversary…

April 18, 2024

Did you know that if America’s billionaires were considered a country they would be the third richest nation in the world?

The 813 billionaires in the United States have a total wealth of US$5.7 trillion. If…

April 17, 2024