Sunday 29 March 2009

SADC CAUGHT BETWEEN THE HARD ROCK - MUGABE -AND DEEP BLUE SEA - MADAGASCAR

Next week SADC is meeting to decide on what to do about the political chaos in Madagascar and decide on Zimbabwe's US$ 2 billion aid package!I do not agree with the way the elected regime was changed in Madagascar. However I SADC is being hypocritical to talk of punishing the new regime when the same body endorse Mugabe's shameless and bloody election fraud six months ago!
As for the US$ 2 billion bail out Zimbabwe is asking for; there are a number of points SADC heads will have to consider.
1) Will the GNU in Zimbabwe put the money into productive use or will they be throwing good money after bad. For a start the Zimbabwe government has the most bloated regime in SADC and Zimbabweans leaders, everyone of them, are well known for their lavish life styles and that has not changed. The international community including the West, IMF, WB, etc have all said financial aid to the Zimbabwe regime at present would be money wasted.
2) Is the US$2 billion financial package for Zimbabwe the one off or just the first instalment of many and bigger demands to follow? The present package will cover Zimbabwe’s bloated public expenditure and very little will go towards infrastructure repair or the private sector which are the key areas to economic recovery. As if that was not bad enough, the ongoing farm invasion and the threat by Mugabe to force the few remaining private companies to sell their majority shares to blacks is like shooting oneself in the leg before the start of the race.
Zimbabwe’s economic recovery will remain a pipe-dream as long as the waste by the ruling elite is not reined in, the bloated public continues to weigh down the nation and property rights and the rule of law is not restored. SADC will be in for the long haul; this will be only one of the many bailouts for Zimbabwe.
3) The US$ 2 billion will constitute a significant part of the 15 SADC members’ total national budget. A significant part of the most SADC countries, if not all of them, budget is financial aid from the West. If you depend on begged money yourself, you are not in a position to give aid yourself.

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