Zimbabwe: Managing the Debt Burden

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ALTHOUGH not publicly released, a comprehensive assessment of Zimbabwe's considerable debts, and possible ways of addressing them, has apparently been prepared by the Minister of Finance, Tendai Biti, according to various authoritative sources. Last week's issue of the Independent reported that the minister's detailed evaluation of Zimbabwe's backbreaking debt burden, and of ways of reducing it, is presently under governmental consideration.

However, indications suggest a massive divide in the political hierarchy as to the pursuit or otherwise of minister Biti's recommendations, and that (as is unfortunately usually the case in Zimbabwe) the divide is fuelled by self-interest on the part of some politicians, instead of the best interests of the Zimbabwean people.

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