“Lifting Of Sanctions Not A Panacea To Zimbabwe’s Economic Crisis” – OPINION

Shannon Ebrahim, Independent Media’s foreign editor has claimed that the removal of sanctions imposed on Zimbabwe will not improve the economic situation in the Southern African country.

The editor says that it is imperative to establish the type of sanctions which were imposed on the country and the effects they have had on the economy.

For him, sanctions are merely a scapegoat by political elites who failed the economy through years of economic mismanagement, pilfering of state resources, endemic corruption, entrenched state capture, and poor governance. He added:

What Zimbabwe most needs at this juncture to improve its economic outlook is political stability and transparency, an end to the impunity of the security forces for human rights abuses, measures to stamp out corruption at all levels, consistent economic policies, a cash injection of hard currency into the economy, restructured debt with the IFIs, and ultimately debt relief.

The writer admits, however, that the lifting of US sanctions may assist Zimbabwe in attracting some forms of investment, and may make it easier for companies to transfer US dollars to Zimbabwe.

These remarks come when there are divisions in the country over sanctions with the ruling ZANU PF saying sanctions are crippling the economy whilst others are of the view that bad governance collapsed the economy.

More: The Zimbabwean


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One Comment on ““Lifting Of Sanctions Not A Panacea To Zimbabwe’s Economic Crisis” – OPINION

  1. Indeed bad governance did a lot more damage than the sanctions. Ian Smith was fighting a civil war and economic sanctions at once but the economy was very sound. The current sanctions are hurting and killing the wrong people instead when the targets are getting fatter and fatter. If anything, they were meant to punish us the poor. Our situation is quite a sad one in that our own government messed us up and the world rubbed salt into our wounds by imposing the sanctions. They both violate our rights and we have no one to turn to.

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