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'Only new leadership can save Zim's flagging economy'

18 December 2013, 13:59

Cape Town – Zanu-PF’s economic blueprint will not help Zimbabwe come out of its current hardships unless the country’s leadership is renewed, economic analyst Vince Musewe says.

President Robert Mugabe’s party recently availed an ambitious economic blueprint, Zimbabwe Agenda for Sustainable Socio-Economic Transformation (Zim Asset), that is aimed at spearheading the turnaround of the country's flagging economy.

Musewe said Zim Asset would suffer a stillbirth because the “philosophy of Zanu-PF leadership has not changed”, according to News Day.

Musewe said Zimbabwe’s problems would never be resolved by the people who created them, adding that Zanu-PF had crafted over 30 economic blueprints since independence, but none of them had been successful.  

Political analyst Ibbo Mandaza concurred, describing the 129-page blueprint as an ambitious political statement, according to a Radio VOP report.  

The blueprint proposes a number of measures to revive the economy, including borrowing money from Brazil, Russia, India, China and South Africa, a group of large emerging market nations collectively known as BRICS, and setting up a sovereign wealth fund.

The policy is meant to develop the economy in the next five years.

Zimbabwe has been reeling under economic hardships for more than a decade. Mugabe argues that sanctions have hurt Zimbabwe's economy, while his critics say it is his policies which have hurt the once vibrant economy.

- News24


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