Categories: Stories

ZANU-PF cannot fix Zimbabwe’s crisis, it needs the MDC says Biti

ZANU-PF cannot realistically be expected to reform a system that it not only profits from, but on which its rule depends.

Future reform has to dismantle the corrupt political economy, whilst also expanding the productive sector.

The only time in the last four decades there has been a serious attempt at reform was during the Government of National Unity between 2009 and 2013, when I served as the Minister of Finance. During this period, three critical actions were introduced.

One, it was recognised that the government could not spend what it did not have. We described this as the “eat what you kill” philosophy.

This immediately provided confidence and clarity to foreign investors and our international partners.

Two, we dollarised the economy, thereby ridding the country of the opportunities for arbitrage against the inflating Zimbabwean currency.

Three, we opened up the economy thereby incentivising the private sector.

Without governance and transparency, the only investors we will get in Zimbabwe are cowboys and opportunistic traders, a mafia by another name.

Without political change and the necessary will, reform will only amount to empty words. As I often say, it’s just putting lipstick on a crocodile.

Major political, institutional, and socio-economic reforms are required in Zimbabwe. To achieve the confidence required to boost the productive sector, the country requires a transitional mechanism to implement agreed reforms and track economic revival.

Political dialogue should open the way for these long overdue and much needed changes.

Moreover, the opposition should be incorporated into the government. This is our only choice of a more positive future. Only the opposition has the credibility to create such change.

Partners interested in the plight of Zimbabwe’s people, and not just short-term profiteering, should urge Zimbabwe’s government to the negotiating table.

A failure to do so will be measured in a loss of hope and a grave humanitarian crisis which can only be met by increased state repression.

The main opposition Movement for Democratic Change (MDC) is ready to play its part in Zimbabwe’s recovery.

The ball is now in the court of ZANU-PF and its supporters, foreign and local.

(198 VIEWS)

Page: 1 2

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

Zimbabwe among the top countries with the widest gap between the rich and poor

Zimbabwe is among the top 30 countries in the world with the widest gap between…

November 14, 2024

Can the ZiG sustain its rally against the US dollar?

Zimbabwe’s battered currency, the Zimbabwe Gold, which was under attack until the central bank devalued…

November 10, 2024

Will Mnangagwa go against the trend in the region?

Plans by the ruling Zimbabwe African National Union-Patriotic Front to push President Emmerson Mnangagwa to…

October 22, 2024

The Zimbabwe government and not saboteurs sabotaging ZiG

The Zimbabwe government’s insatiable demand for money to satisfy its own needs, which has exceeded…

October 20, 2024

The Zimbabwe Gold will regain its value if the government does this…

Economist Eddie Cross says the Zimbabwe Gold (ZiG) will regain its value if the government…

October 16, 2024

Is Harare the least democratic province in Zimbabwe?

Zimbabwe’s capital, Harare, which is a metropolitan province, is the least democratic province in the…

October 11, 2024