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IMF team/MDC discuss Restart

Munyaradzi Wasosa

THE International Monetary Fund (IMF) delegation currently in the country this week held a meeting with the Movement for Democratic Change (MDC) to discuss among other issues, the oppositio

n’s economic revival blueprint – the Reconstruction, Stabilisation, Recovery and Transformation (Restart) programme.

The MDC’s secretary for economic affairs Tendai Biti confirmed that they held a two-hour meeting with the IMF delegation on Tuesday night.

“We met the IMF people and presented to them the Restart programme which they did not criticise,” he said.

Biti said his party’s economic revival policy was not a neo-liberal document in which an MDC government would concentrate on balancing figures.

“It is rather a people-driven agenda that will address the issues of poverty, ownership and inequalities in Zimbabwe.”

The IMF team, led by Doris Ross, asked the opposition party to give its assessment of Zimbabwe’s economic situation.

“Our party’s position is that the economy is in a serious structural crisis which needs to be corrected by people with the interests of the country at heart,” Biti said.

The country has endured six years of negative growth. Only about 8% of the total population are in full formal employment with more than 70% living below the poverty datum line. Savings are less than 4% of GDP and inflation is hovering around 600%.

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