If you have been following Zimbabwean politics you might be aware of the debt overhang impeding Zimbabwe's infrastructure and human capital investments. Some US$8bn (mostly arrears) is owed to private creditors and IFIs including the World Bank, and the AfDB. The MinFin, Mr. Biti has set out a plan to address this crippling debt and set Zimbabwe on a path to sustainable growth. The plan includes the removal of the illegal sanctions; leveraging of our country's natural resources (mainly diamonds and platinum); and strict debt management. The plan, however, does not seem to tackle what I believe is an important issue, namely what happened to the money. IF only an elite group has been enriched by Zimbabwe's debt load, we must first get them to pay up. Not only will this set precedence that we are a country that respects the rule of law, but it will also let some of the country's platinum and diamond deposit revenues be put to better use instead of servicing debt. An in...
Economics, Data Science, Consulting