Breaking News

Land compensation and IMF re-engagement: A legacy of an Anti-poor government.

by Obert Masaraure
21 April 2019 | 2345 Views
The full import of Mnangagwa's Zimbabwe is open for business mantra is now being painfully realized by the working class of Zimbabwe. Salaries of the workers have been eroded, the majority of our population is unemployed yet our State is saving to compensate white farmers and clear arrears of odious debts accrued from International Financiers.

Zimbabwe's ruling elite post-Independence slid into the constrained circle of formerly exclusively white owned capital. The elites primitively accumulated until they exhausted all that was available. The accumulation included but was not limited to grabbing prime farming land, seizing former state/white owned companies and stripping parastatals of all their assets. One thing the elites never bothered to do was production and as was expected they depleted the cake. In short our leaders were trapped in a parasitic bourgeoisie's mode.

The incumbent leadership is hurriedly trying realign itself to assume a comprador bourgeoise mode by trying to strike deals with international capital so that the looting trough can be refilled. A comprador bourgeoise makes deals with foreign capital at the expense of the masses. When our President visits countries like Kazakhstan, United Arab Emirates among others he is selling our natural resources to the highest bidder to fund the "looting contract." The looting contract is the agreement between the business cartels, military and the civilian leadership imposters. This is the contract which planned and executed the coup.

In short Zimbabwe is open for business denotes to the desperate attempt of the ruling elites to refill their looting trough from global capital. Unfortunately the people have to be sacrificed for this agenda to see the light of day. Indeed the people are paying the price.

IMF reengagement.

On 10 April the International Monetary Fund announced in a statement that they have entered in an agreement with the Zimbabwean government for a Staff Monitoring Program. They agreed on macroeconomic policies and structural reforms for Zimbabwe. This is not new to Zimbabwe and we are still enduring the effects of Economic Structural Adjustment Program of early 90s.

Contrary to what our Finance minister told us, this does not mean that we are going to automatically get fresh loans. The IMF spokesperson Gerry Rice in 2018 once raised a critical issue that Zimbabwe will only be eligible for fresh loans if it clears its arrears with the African Development Bank, AFDB and the World Bank. Such arrears amount to $US 1.980 billion. Our Finance Minister have told the world that he will clear the arrears by year end. One wonders why we are prioritizing clearing arrears of these loans ahead of investing in industrialization and paying salaries for our civil servants.

This is not the first time we have been attempting to clear our arrears since defaulting in 1999. In 2005 Governor Gono and team paid US$200 million to the bullying IMF in arrears. Hyperinflation succeeded the blunder and an economic collapse ensued. In 2016 the Mugabe regime cleared the IMF arrears and our economy has never recovered.

In the event that our government successfully secure a reform package and clear its arrears there is still the sticking issue of sanctions from the United States of America. Under ZIDERA the American government will veto against any decision of extending loans through IMF and World Bank to Zimbabwe. The government has never bothered to explain how they will deal with this hurdle.

The Zimbabwe Coalition on Debt and Development, ZIMCODD and other civil society organisations have been on the forefront demanding a debt audit for Zimbabwe. The bulk of the debt we are battling with is odious and as long as we don't have mechanisms for accountability and transparency future lines of credit can still be abused.

Lastly do we really need these International Financiers? What is the success story of the IMF programs globally? In Zimbabwe the ESAP era was a complete disaster by the IMF's own admission. Argentina became worse off after its first loan in 1958.

Generally economic meltdown is born out of poor policy making and corruption. Securing more credit lines will not grow our economy.

In conclusion what we need now is investing in, social human development, industrialization, creating democratic space to enhance accountability and respecting human rights and in particular labour rights. These ideals are not going to be delivered on the wheels of inevitability but we have to unite and push our government to do the right thing.




Land Compensation.

The ruling elites who grabbed prime farming land from the former White farmers are now relegating the task of paying for developments to the ordinary tax payer. Some of us believe that whatever developments were made on the farms they were made through the unpaid labour of the working class. If we are to think of compensating we should begin with those workers who worked for very long hours receiving paltry salaries but were latter evicted by a new black owner. The new black owner can compensate both the former farm owner and the former workers because they grabbed these farms for their personal use.

The land question should now be discussed outside the context of race and focus more on how we can enhance production and equitable access to this means of production.

It is sad to realise that some resettled farmers are now being evicted before the conclusion of the land audit. Such evictions are clearly driven by contempt of the poor and greed.
The fate of the Working Class.

The working across all the spectrum, (the currently employed, the still to be employed and those retired on a pittance) and peasants have been relegated to extreme poverty as government pursues its cruel Zimbabwe is open for business agenda. Prices of basic goods and services have quadrupled since January but salaries and income levels have remained stagnant.

The militarized government has adopted a shoot to kill strategy to crush any form of protest by the citizens. The citizens are divided on how to confront the challenges facing them.

Way forward.

We call upon the International community to stand in solidarity with the people of Zimbabwe during these trying times. International bodies such as SADC, AU and UN should reign on the Zimbabwean government to respect the SADC protocol on Human Rights, African Charter on Human and People's Rights, United Nations Declaration on Human Rights among other treaties.
We kindly ask progressive citizens and movements globally to stand in solidarity with our people as we demand bread and butter under a highly repressive environment.

To the people of Zimbabwe there is no other way. We have to fight and fight as Unit. We cannot defer our lives to the day of elections. We have to eat now, get medication now, access education now and enjoy a dignified life.

Together we can crush austerity.

Let's begin by joining the #PricesMustFall campaign. The campaign is pushing for increased income levels for all citizens to meet the obtaining cost of living.
Obert Masaraure is the National President of Amalgamated Rural Teachers' Union of Zimbabwe, ARTUZ.His primary vocation is fighting for labour justice and accessible quality education in rural schools. He writes here in his personal capacity.




ARTUZ Obert Masaraure PricesMustFall


Disclaimer:
All articles and letters published on Bulawayo24 have been independently written by members of Bulawayo24's community. The views of users published on Bulawayo24 are therefore their own and do not necessarily represent the views of Bulawayo24. Bulawayo24 editors also reserve the right to edit or delete any and all comments received.

Source: Byo24News

Comments

Latest News

Coltart still detained

by Mandla Ndlovu | 24 August 2019 | 1 Views

Sick General Chiwenga returns home?

by Mandla Ndlovu | 24 August 2019 | 1 Views

Zimbabweans ignorant - Trevor Ncube

by Staff Reporter | 24 August 2019 | 1 Views

Chamisa visits jailed Chief Ndiweni

by Ndou Paul | 24 August 2019 | 4 Views

'God is not happy with Mnangagwa' Chiwenga says

by Mandla Ndlovu | 24 August 2019 | 1 Views

'Chief Ndiweni could be poisoned in prison'

by newzimbabwe | 24 August 2019 | 12 Views

Pastor 'expels' congregant for not tithing? - A REVEREND with Church o...

by Staff reporter | 24 August 2019 | 14 Views

Businessman sleeps with own mother to boost wealth - A businessman fro...

by Staff reporter | 24 August 2019 | 9 Views

Afcon renegades blacklisted

by Staff reporter | 24 August 2019 | 4 Views

Tenant locks landlord out of house - A Bulawayo woman regrets offering...

by Staff reporter | 24 August 2019 | 6 Views

Woman miscarries after being kicked over $1,50 - A THREE months pregna...

by Staff reporter | 24 August 2019 | 4 Views

Policeman flees to a toilet for safety - In a dramatic incident a poli...

by Staff reporter | 24 August 2019 | 4 Views

Children accuse mother of witchcraft

by Staff reporter | 24 August 2019 | 16 Views

Woman threatens to kill ex-lover's pregnant wife - There was drama in ...

by Staff reporter | 24 August 2019 | 5 Views

Police crush teachers' demo - POLICE yesterday ruthlessly crushed a de...

by Staff reporter | 24 August 2019 | 12 Views

Illicit brew kills one, 3 hospitalised - One person died at St Alberts...

by Staff reporter | 24 August 2019 | 4 Views

Mnangagwa urges farmers to adopt new technology - President Emmerson M...

by Staff reporter | 24 August 2019 | 5 Views

Mudenda's Gukurahundi remarks ignite storm - A PROPOSAL by Speaker of ...

by Staff reporter | 24 August 2019 | 1 Views

Kazembe Kazembe fights for his party position

by Staff reporter | 24 August 2019 | 1 Views

Chamisa ally to spend weekend in remand prison

by Staff reporter | 24 August 2019 | 4 Views

Man (32) subjects woman (61) to bizarre 'rape ordeal' - A 32-YEAR-OLD ...

by Staff reporter | 24 August 2019 | 13 Views

Zanu-PF Masvingo seeks Zivhu expulsion

by Staff reporter | 24 August 2019 | 1 Views

Technical faults at Hwange cause for prolonged load shedding

by Staff reporter | 24 August 2019 | 6 Views

Econet closes shop in 13 countries - BILLIONAIRE and Zimbabwe's teleco...

by Staff reporter | 24 August 2019 | 5 Views

Kambarami didn't have powers to suspend Town clerk, says High Court

by Staff reporter | 24 August 2019 | 3 Views

Zimbabwe hit by birth control pills shortage - ZIMBABWE is facing a co...

by Staff reporter | 24 August 2019 | 5 Views

BCC disconnects water supplies to defaulting rate payers - BULAWAYO Ci...

by Staff reporter | 24 August 2019 | 1 Views

Entertainment

Top 5 PS2 ISOS to play with friends you can get right now

by Staff Writer | 21 August 2019 | 145 Views

Rebecca Malope retires

by Mandla Ndlovu | 20 August 2019 | 5845 Views

Zimfest delivers another 'phenomenal' festival

by Tidi Kwidini | 07 August 2019 | 640 Views

Should you be betting on reality TV show outcome too?

by Staff Writer | 05 August 2019 | 95 Views

WATCH: Jah Prayzah featuring Iyasa Sadza nemuriwo song

by Mandla Ndlovu | 23 July 2019 | 5732 Views

Muvhango star Marang Phala visits Prophet Sovi's church

by Mandla Ndlovu | 22 July 2019 | 9660 Views

Pure Black set to take Africa by storm

by Mandla Ndlovu | 04 July 2019 | 1004 Views
iBlog

Tb Joshua Worst Enemy Angelique Tonge Exposed

About two years ago, we came out emphatically about those behind the t.b joshua watch. many were those who thought we were framing innocent people up or on a witch hunt. some events have vindicated us and the cat is out of the bag. it is said that no... Read More
pointblank 01 May 2015 ago

Greatsoftline For All Of Your Software Needs

coupon and promo codes: greatsoftline for all of your software needswhile some online sellers have promotional services that reduce the overall amount you spent, others do not .you need to be on the lookout for the best outlets in order to chase th... Read More
ITnews 25 February 2015 ago