Zimbabwe: There's a U.S.$1,13 Billion Skeleton in the RBZ Vault

opinion

Earlier this year, I conducted an investigation into the catastrophic failings of Zimbabwe's governance architecture. For the most part, the probe focussed on the contribution of failed governance to the national debt problem, whose impact has had serious ramifications for economic development, social order and political stability.

The full-length report will be released soon but -- at the risk of pre-empting it -- for purposes of this column I will highlight just one aspect: the assumption of bad loans totalling US$1,13 billion by the Zimbabwe Asset Management Company (Zamco), a Reserve Bank of Zimbabwe (RBZ) vehicle.

...

AllAfrica publishes around 400 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.