FULL THREAD: “IMF Report On Zimbabwe Reveals Huge Incompetence And Deception By ED’s Govt,” – Former Finance Minister

Former Finance Minister of Zimbabwe, Tendai Biti has claimed that the International Monetary Fund’s latest report on Zimbabwe reveals that Zimbabwe is going nowhere with President Emmerson Mnangagwa’s government.

Posting on Twitter, Biti who is also the vice president of the MDC led by Nelson Chamisa said:

The collapse of the #SMP & the Fund’s damning Article 4 Staff Report confirms the truth that Zim is a rogue State run& presided by a predatory mafia that is unwilling & incapable of reform. Only 2 things matter to this rogue element, the #power retention agenda & its bottom line.

There can never be reforms without reformers & therefore expecting the #SMP to have succeeded was as ambitious as it was naive. In Emmerson & his team lie a group of incompetent greedy reckless & predatory characters without any comparison in the history of misgovernance.

More than anything it is #CORRUPTION & State Capture that has been the bane for the regime. Billions have been stolen through Command Agriculture, FX , fuel, export surrender requirements, procurement, TBs, subsidies & commodities. Cartels (Sakunda)hold the regime hostage.

The #RBZ must bear a huge responsibility for the collapse of the #SMP. Its corrosive money printing activities have driven up money supply by over300% It’s quasi-fiscal activities & opaque non-concessional loan contraction have been a parallel govt operating outside Parly.

Second, to the #RBZ are the regime s policy distortions & incompetence. The attempt to de-dollarize has been a complete disaster. Budget deficits &an expansionary fiscal policy hidden at the #RBZ , lack of reform, lies, deception & deflection have been the regime s modus operandi.

Zimbabwe is going nowhere with & under #Emmerson. Having lost the backing of Fund shareholders his govt has nowhere to hide. An urgent rethink is required. Resolving the political crises, attending to structural reforms, national convergence & a disruptive agenda the only solution.

More: Tendai Biti

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2 comments on “FULL THREAD: “IMF Report On Zimbabwe Reveals Huge Incompetence And Deception By ED’s Govt,” – Former Finance Minister

  1. Political solution ? , that’s equal to regime change agenda. ZANU PF has the obligation to protect the country from the western mafia

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