Zanu PF are the sanctions in Zim: MDC A

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By CHENGETO NYAMBUYA

MDC A Vice President Tendai Biti has laid the blame for all the challenges the country was facing on Zanu PF-led government.

Addressing journalists in Harare on November 24, Biti said the real economic sanctions that we have in Zimbabwe is Zanu PF.

“It is Zanu PF that is responsible for 79 % of the population that are living below the poverty datum line, surviving on less than a dollar.”

Biti also said that Covid-19 has added its impact on the already collapsed economy of Zimbabwe.

He also highlighted that the mismanagement of the monetary policy, creation of Treasury Bills have all contributed to the return of hyperinflation in the country.

“Zimbabwe’s rate of inflation standing officially at 759% in August 2020, the second highest in the World.”

He added that inflation needs to be addressed by a cocktail of measurements which include fiscal consolidation, macroeconomic stability and proscription of the Reserve Bank’s rogue money printing activities.

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