We had three significant events this past week – the President opened Parliament; the IMF came to Harare on a road show; and the revenue Authority published its figures for the third quarter of the year. Taken together these three events summarize the situation in Zimbabwe very clearly and in a stark fashion.
The IMF visit was fascinating because it is the first time that we have been honored by the Breton Woods institution in having the Africa Director and a team, come to the City on a road show to present their review of African economic prospects and conditions and their forecast for the immediate outlook. The Director was impressive – clear grasp of the issues, confident and diplomatic. Eddie Cross