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Submitted by Pratibha Thaker on
Agree with Mr Kumar that Zimbabwe's answer lies more with the politics than the economics. The IMF's recent assessment of the Zimbabwe economy and prospects for 2010 suggest that the Fund has accepted the government's claims that significant improvements are in progress. Although some companies have enjoyed a degree of recovery,the limited quantifiable evidence suggests that the advances have been enjoyed by too few to make the differences claimed, and that almost all of the momentum behind the slow improvements was brought to a standstill by the publication of the indigenisation regulations. Now the demands of the trades unions are threatening to put the fragile recovery into reverse. Unfortunately, some very brave and imaginative revisions to political policies would offer the only prospects of quick improvements. The IMF does not involve itself in public debates on such issues, but very much hope that the right suggestions are being offered in private.