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.
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