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Law and Regulation

Can Zimbabwe Turn the Corner?

Praveen Kumar's picture

Much has changed in Zimbabwe since last November. There are signs of recovery following the return of price stability after full dollarization in January. However doubts about the political situation continue to obstruct further recovery.

The most visible sign of improvement is the demise of surreal hyperinflation which according to one estimate peaked at about 80 billion percent. Interestingly, full dollarization initially occurred not because the government chose it as a deliberate stabilization measure.  Exasperated residents simply abandoned the Zimbabwean dollar and moved on to using multiple hard currencies.  In January, the Government too abandoned the Zimbabwean dollar and started using the US Dollar and the South African Rand for both collecting taxes and spending.  Hyperinflation died a natural death in Zimbabwe, it was not tamed.

National Solidarity Program (NSP), a community-led reconstruction and rural infrastructure initiative.

Karina Manasseh's picture

The National Solidarity Program (NSP) is a community-led reconstruction and rural infrastructure initiative. The program has made significant achievements in empowering communities, improving community relations, and increasing public faith in the system of government.


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