Zimbabwe’s Economic Crisis A Result Of Govt Mismanagement Not US Sanctions- U.S.Think Tank

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Todd Moss of the Washington-based Center for Global Development dismissed claims that Zimbabwe’s government is opening up the climate for investment, and that sanctions are hurting the country.

Moss urged the U.S. government to “be extremely cautious in engagement and use strategic patience,” and also called for continued pressure on Zimbabwe saying the claims that sanctions hurt the country, was a “complete red herring.” He said this during a congressional hearing on Zimbabwe in the United States capital, Washington DC on Thursday. Part of Moss’ testimony reads:

The government constantly complains that economic difficulties are the result of US sanctions rather than their own mismanagement and corruption. It is true that since 2003, the United States has imposed a modest program of targeted bilateral sanctions on those who have undermined democracy. There are currently 141 specific people and entities on the list, which is available on the US treasury website. This includes the President, Vice President, and four members of the cabinet. There are no trade sanctions against the country. There are no bans against financial transactions with any Zimbabwean not on the list of 141. The reason the government cannot borrow from international financial institutions is not because of US sanctions but because the government has not paid its bills since 2001 and is now more than $5 billion in arrears to international creditors (about $2 billion to the IMF and World Bank and roughly $3 billion to the US and other Paris Club creditors). Blaming the US is just another example of a government failing to take responsibility for its own actions.

Sadly, the Government of Zimbabwe did not use the opportunity of the 2018 election to get the country back on a democratic path. Until the Government of Zimbabwe has met the ZDERA criteria and unequivocally shown that it is on an irreversible path to true reform, the United States should withhold support for debt relief and new loans. At the same time, we should speak out about what is happening inside the country and implore our allies and friends to do the same. The United States can also be far more aggressive in our support for Zimbabwe’s beleaguered civil society and human rights defenders who, quite literally, are putting their lives on the line. The least we can do is to stand with them, amplify their voices, and help strengthen their resolve. They have proven worthy of our support. The Government of Zimbabwe has not.

ZDERAZimbabwean

Zimbabwe Democracy and Economic Recovery Act Of 2001 was passed and ratified by the United States of America Congress and allegedly meant To provide for a transition to democracy and to promote economic recovery in Zimbabwe. The Zimbabwe Democracy and Economic Recovery Act (S. 494)... Read More About ZDERA

The Republic of Zimbabwe is a country located in the Southern Africa region. Its capital city is :Harare and the country has 10 provinces. Zimbabwe is 390,580 sq km and is bordered on all sides by other countries (Zambia in the north, South Africa in... Read More About Zimbabwean

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3 comments

  1. Anonymous Reply

    Watura chokwadi iwe Moss, basa rechihurumende chinohwanda nemasanctions efake.

  2. Ponziano Reply

    What is the reason for imposing those sanctions if they are ineffective, by imposing sanctions USA wants to punish Zimbabwe economically and it seems they have succeeded as many investors are shunning our country.

  3. godfrey chikowore Reply

    Sadly it by far surpasses these rhetorical arguments….for it constitutes a classic historical betrayal of the Zimbabwean , African by their own liberators, who have in a classic well calculated fashion Baked their Own Cake and elected to Eat it Up All, Helping themselves …a real power crisis and tightly closed democratic Door.

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