By Bernard Bwoni
Is it that some
opposition legislators have no awareness of the economic implications of their
public utterances and negative speculation about the country as a whole? Any
negative speculative statement and scaremongering forecasts have very damaging
effects on the economy as a whole. Hence why you find in other parts of the
world any small detail about the country will have far-reaching effects
throughout the economy and often sees stock markets crashing down. The fragile Zimbabwe
economy does not need these echoes of doom at the moment. Everyone is fully
aware of the colossal task ahead. This is a country where a Finance Minister (Former
Finance Minister Tendai Biti) would publicly declare that the country had only
US$217 left in its coffers and expect the country’s image to remain unaffected.
Now Mr Biti has come out again making
more unsubstantiated claims that ‘the country’s economic crisis will last
another ten years’. As the First Lady rightly put it, people like Mr Biti think
they know it all. But then Mr Biti has no empirical evidence to back his claim
as it is mere conjecture. Everyone is aware of the economic challenges and
instead of these constant echoes of doom and gloom legislators should put
forward solutions. Of all countries in the world Zimbabwe has taken more
negative press internally and externally than any other country since time
immemorial.
Now another opposition
legislator, Settlement Chikwinya told parliamentarians of the ‘precariously low’
grain reserves in the country and that it was imminent that the country would
soon face starvation. He went to suggest that this looming ‘imminent starvation’
was directly linked to the country’s necessary land reform programme. A
statement like this must be backed by empirical evidence for it to be taken
seriously. This is an unsubstantiated and
random claim without any figures to back it and from legislators we expect
more. Maize production in the country has been on the rebound and it is
important to wait for the official figures so that legislators like Chikwinya
can back their claims. Maize production for 2014 has had a 65% growth rate from
the 2013 levels (FAO, 2014). The agriculture sector is recovering and signs are
positive. So these highly opinionated speculative statements from the likes of
Chikwinya are irresponsible, unfortunate, unnecessary and untimely. What is the
point of creating uncertainty and panic? The general macroeconomic environment
in the country has been affected by this negative speculation, the effects of
the economic sanctions against the country and a number of other associated
factors. As a result of the above the agricultural sector in Zimbabwe is currently
under-funded, under-resourced and operating in very difficult macroeconomic
environment. Legislators like Mr Biti and Mr Chikwinya need to urgently stop
merely focusing on the symptoms of Zimbabwe’s economic problems and start
focusing on tabling solutions.
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