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RUSAPE: Zimbabwe's finance minister says this month's historic elections will support efforts to revive an economy that he admits to having "collapsed" due to agrarian reforms by Robert Mugabe
AFP Patrick Chinamasa, one of President Emmerson Mnangagwa's closest allies, predicted that the ruling party, ZANU-PF, would "win" the July 30 election "with success" , the first elections since the overthrow of Mugabe last November. the victory of providing a necessary endorsement of his presidency and attracting foreign investors to a destroyed economy under Mugabe's long reign.
After the seizure of white farms triggered hyperinflation, GDP fell by half between 2000 and 2008 – a decline described "I am very confident that our president, Mnangagwa, will win resoundingly." Chinamasa declared AFP after a day of campaigning in his constituency in the east of the country.
"We thank the former president for persevering to resolve the land issue. We paid a price, and the price was that the economy sank. "
" Now the task before President Mnangagwa is to recover the economy and that is what he is doing now by reengaging not only economically, but after Mugabe's agrarian reforms in 2000 , agricultural production has collapsed, investors have fled and mbad unemployment has forced millions of Zimbabweans to leave the country to look for work.
The Zimbabwean dollar was abandoned after being rendered worthless by hyperinflation, the country has since used scarce US dollars alongside a little-known symbolic currency known as "bonds" introduced two years ago.
Infrastructure and health services collapse
Chances of a new start?
But the surprise eviction of Mugabe last November after a brief military takeover A new impetus to improve the economy and a renewed interest in a country endowed large mineral and agricultural resources.
"I projected a growth of 4.5% and I consider it conservative in light of the measures we have taken" "It is very clear that we will achieve a growth of at least six percent this year (because) much of the environment in which investors complained was corrected, "he added. "
The reforms, including the unpopular indigenization policy that forced foreign companies to sell 51% of shares to the inhabitants, have" generated a lot of goodwill, a lot of interest, "said Chinamasa
"We are completely overwhelmed by the business delegations who visited us. Some of them have already materialized by concrete and substantial investments, some will mature as and when.
During Mugabe's reign, Zimbabwe had become a pariah state avoided by many international investors and lenders.
Mnangagwa "We do not want help, we do not want donations," said Chinamasa, who had been Mugabe's finance minister for four years.
"What we want is access to capital – if we can get it overnight, you will see miracles perform."
"If we recommit ourselves, it is … our expectation, to have access to capital, if we have that, this country will get back up. "
Corrupt Elections
Among the major challenges facing Zimbabwe is a public sector wage bill that drains most of the budget, endemic corruption and Large arrears to international lenders
Mnangagwa was one of Mugabe's closest allies during flawed elections when ZANU-PF was accused of violence, intimidation and intimidation. fraud – but the new president has promised to hold a flawless vote
"I think this election will exceed all standards in terms of equality, transparency, non-violence," said Chinamasa [19659002OnWednesdaythearmy-whichledMnangagwatopowerwhenhereturnedagainstMugabelastyear-haspledgedtoremainneutralinthevote
For the Democratic Change (MDC) Nelson Chamis A said that the party would not participate in elections if they were unfair. – AFP
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