Categories: Stories

Zimbabwe doing well but everyone has to start doing things differently

Former Movement for Democratic Change policy advisor Eddie Cross says Zimbabwe did exceedingly well last year and everyone, not just those in power, must start doing things differently.

Writing on his personal blog, Cross said Zimbabweans must look beyond the disparities and problems that the country went through last year and recognise that their pain as a nation has borne significant fruit.

“Our domestic debt is now a tiny fraction of what it was and is manageable, our international debt has only increased marginally and is now being serviced to some extent,” he said.

“Our civil service was costing us 100 per cent of all our taxes a year ago, it now consumes 35 per cent, our fiscal deficit was massive and equal to 40 per cent of the entire budget of Government, is now positive and we ended 2019 with nearly $2 billion in the bank.

“We have liberalised our foreign exchange market and restored the viability of our export industries which are now expanding rapidly with the result that we now have nearly US$1 billion in our bank accounts and government has a small surplus in the Treasury in hard currency.”

He added: “These are not small achievements and what annoys me is that so little recognition has been given to the government and the President for their stance on these issues which have been very tough on the entire nation.

“I am pleased that at least the International Monetary Fund found sufficient reason at the year end to give us a cautious thumb up for what we achieved last year despite some serious deviations.

“So where are we going in the next decade? Is it more of the same? We just cannot handle that plus the changes now being inflicted on us by climate change.

“Everyone, and I mean everyone, not just those in power, must accept and acknowledge this – we have to start doing things differently.

“For me 2019 has set the stage – now we must move on and decisively.

“I hear that the MDC is planning a series of large scale demonstrations in early 2020. Is that really the answer? Will it really bring change or simply lead to more street violence.

“I agree with S B Moyo when he called for the Police to escort demonstrations through the streets of our towns and make sure they do not spill over into looting and violence. But we all know that these events can only be managed so far.”

Continued next page

(144 VIEWS)

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

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.

View Comments

  • I think its time we don't listen to Eddie Cross, he is tired and old. His analysis of issues is now biased. How can you say Zimbabwe did well in 2019, that old man is now going mad with old age.

Recent Posts

US loses its place as most influential power in Africa to China

The United States lost its place as the most influential global power in Africa last…

April 27, 2024

Zimbabwe central bank chief says street forex dealers cannot destabilise the ZiG

The Reserve Bank of Zimbabwe governor John Mushayavanhu says street money changers who cash in…

April 26, 2024

Zimbabwe International Trade Fair plans to turn exhibition centre into commercial complex

The Zimbabwe International Trade Fair (ZITF) has announced an ambitious long-term plan to turn the…

April 25, 2024

ZiG falls against US dollar

Zimbabwe’s new currency today fell against the United States for the first time since its…

April 25, 2024

ZiG plays havoc on the Zimbabwe Stock Exchange

Zimbabwe’s new currency has wiped out a more than 330% gain on the stock market…

April 24, 2024

Jonathan Moyo tells Mushayavanhu to stick to monetary policy and leave money changers to the police

One bane of recent public discourse in Zimbabwe is not only that it is never…

April 23, 2024