Zimbabwe is serious about reform, Foreign Minister says


Zimbabwe is serious about pursuing political and economic reforms and deserves international support, its Foreign Minister Sibusiso Moyo said today.

President Emmerson Mnangagwa promised a different approach when he replaced longtime ruler Robert Mugabe after November 2017 coup, but he has found it hard to revive economic growth and faced criticism over a heavy-handed response to protests.

Mugabe’s death last week aged 95 has made some people question what Mnangagwa has achieved in his two years in power.

“The international community needs to understand and nurse this country. This country has suffered for the past two decades,” Moyo said.

“This is the time when it must be supported in its reforms.”

Mnangagwa’s government has taken steps to relaunch the Zimbabwean dollar, cut the budget deficit, remove subsidies on fuel and power and repeal laws curbing public and media freedoms.

But the currency reforms and austerity measures have compounded ordinary people’s hardships in an economy where unemployment is estimated to be as high as 80%.

The opposition says it is being denied the right to protest peacefully.

Zimbabwe’s central bank today raised its overnight borrowing rate to 70% from 50% after a surge in inflation and a steep fall in the domestic currency.

Moyo, a former army general and Mnangagwa loyalist, said the government would strengthen social safety nets to cushion the impact of austerity measures and seek to recover public funds “where there was clear-cut evidence of pilfering”.

He said the authorities would not use excessive force to control protests and that there was no blanket ban on demonstrations staged by the main opposition group MDC.

“This country is undertaking all these reforms, with all the painful processes which are taking place, without any form of support from outside. No lines of credit, no balance of payments support, nothing,” Moyo said.

“We are a sincere government in delivering the necessary reforms and freedoms.” –TR


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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.


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