Addressing Harare Polytechnic journalism students,
Mutsvangwa said government had made strides in turning around the economy only
to be sabotaged by the country’s enemies.
“As it is, the economic fundamentals are all right. Why
then are there currency woes that batter the living standards of the poorest to
survival in abject poverty? Clearly, there are dark forces at play,” she said.
“Zimbabwe Democracy and Economic Recovery Act (ZDERA)
sanctions are flailing and failing, syndicates of currency manipulators are
angling to interfere.”
ZDERA, passed in 2001, restricts United States multilateral
financing to Zimbabwe until the investment-hungry southern African nation makes
specified political and economic reforms.
Analysts, however, said Mutsvangwa’s utterances reflected
government’s unwillingness to address the fundamental economic challenges
facing Zimbabweans.
“Who are the dark forces? Who shall bring in light to end
the darkness? Authorities cannot claim ignorance when resource leakage channels
are so apparent. Where is the intelligence machinery? Put in other words, it’s
a confession of failure,” Zimbabwe Coalition of Debt and Development programmes
manager John Maketo said.
Political analyst Kudakwashe Munemo said: “Such utterances
simply reflect that the government is not willing and clueless on providing
pragmatic solutions to the economic realities bedevilling the country.”
Economist Victor Boroma told NewsDay that economic
fundamentals have to be followed to ensure economic stability.
“To build confidence, the government has to reform the
central bank, live within taxable revenues and give the apex bank autonomy on
monetary policy. Political interference has destroyed confidence in the banks
and other local institutions, which are key to good economic governance,”
Boroma said. Newsday
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