Politburo backs Chinamasa

HARARE - Zanu PF’s politburo yesterday threw its weight behind Finance minister Patrick Chinamasa’s efforts to re-engage the World Bank, IMF and African Development Bank (AfDB).

This comes as War Veterans minister Chris Mutsvangwa, a key ally of vice president and succession aspirant Emmerson Mnangagwa, slammed Chinamasa’s pro-IMF strategy claiming “some of the ministers in the Cabinet still think the white man is superior”.

Mutsvangwa claimed the economic reforms proposed by the Bretton Woods institutions were a ploy to topple President Robert Mugabe.

But speaking to journalists after yesterday’s politburo meeting, Zanu PF spokesperson Simon Khaya Moyo said if the ruling party was against the re-engagement efforts, Chinamasa would not have been allowed to go to Lima, the Peruvian capital, to engage the creditors on the sidelines of the IMF and World Bank annual meetings last week.

Khaya Moyo said the party’s highest decision-making body in between congresses fully backed the Treasury chief.

“He would not have gone to Lima if the party and government were against that,” Khaya Moyo said.

“He spoke on fiscal reform measures by eliminating the outstanding debt and curbing accumulation of new debt, promoting financial sector stability, restoring market confidence, investment promotion and, of course, international re-engagement, particularly with the Breton Woods institutions. The report was well received by the politburo.”

Chinamasa has been working hard to heal the rift with the IMF in a desperate bid to secure debt relief, new financial support and to improve the country’s battered image in the West.

The Finance minister yesterday said government was seeking fresh loans from the World Bank, IMF and AfDB as it battles slowing economic growth, subdued commodity prices and high unemployment.

“What we agreed with the three multilateral institutions is that we start now a country financing programme,” Chinamasa said, amid reports he was seeking a $1,8 billion loan.

Comments (16)

Chris Mutsvangwa..... Please respond to this. Unenge wave kudeurwa mface. From Rushinga to the politiburo uchingorwiswa. Your time is up sir. Respond ka tione chigandanga chako.

binya - 16 October 2015

Magandanga ese muri vakadzi kana mukapinzwa muma skirts a Grace. Mukasarwisa Grace apa muri mbwa. Eh! chokwadika, akambenge akakutii endai kuhondo ndiani? Pindurai mubvunzo wa Grace uyu? Akakutii endai kuhondo ndiani.

binya - 16 October 2015

isu ma born free takamboti dzosai nyika kwamakaisunungura tiendewo kunoisungirira ma war vet mukajamuka big time.....Hezvo hanzi na amai makanga matumwa nani ku hondo ikoko?? mamanje useless ministry yenyu nemari dzamahara dzamunopihwa nema school fees will soon be gone too kana mukaramba makanyarara kkkkkkk. regai ndiseke hangu mu born free....

hey - 16 October 2015

Even if the debt were to be written off and we get another loan of $50bn or whatever amount you want we will never progress as long as we still have people like chinamasa, mugabe and company. These are people with outdated ideas, imagine since I was in grade one these guys have been cabinet ministers and mugabe has been president and now I have a family of my own with three kids, my eldest child being 13 years old and chinamasa and friends are still cabinet ministers? Come on guys!!! These guys should be long retired, be ashamed of yourselves for pulling Zim back to the sixties.

misty - 16 October 2015

if given money now,that money will be used to unleash terror on people during the 2018 general election campaign.may also be used to deal with the opposition. IMF don't please. i do not think you will do so under these current conditions.

kennus - 16 October 2015

if given money now,that money will be used to unleash terror on people during the 2018 general election campaign.may also be used to deal with the opposition. IMF don't please. i do not think you will do so under these current conditions.

kennus - 16 October 2015

Zvinhu zvino chinja Chinamasa ndiwe nhasi uri kutaura zve re-engage World Bank ne IMF.I remember you used to attack Simba Makoni achiri finance minister.Nhasi ndiwe wakutaura same language yaitaurwa naSimba.Saka imi vanhu vezanupf chokwadi munotochiziva zvenyu asi kungoti muri Mboko dzevanhu chete,twuma rwaivhi chaitwo.

Goreraza - 16 October 2015

Zanu PF has now multiple centres of power and the politbru just happens to be one of them. Lets hear what the other centres of power say first. We will soon hear from Mutsvangwa and of course Zhuwao plus the irritable Grace. Only then shall we know.

Inyika - 16 October 2015

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brend atrice - 17 October 2015

Noone is an island,whether we like it or not at one point we have to be friendly to our rivals for survival but we remain what we are in principle and drive our destiny.getting money from whoever doesnt change what we are or what we want to do but the idea is how is are the resources going to be used?

carson macate - 18 October 2015

The statement from the politburo is weak. Khaya Moyo and Patrick Chinamasa light weights within ZPF and therefore what they say is irrelevant. The fact that Zhawao and Mutsvangwa have not been directed to retract their statements means they have the support of the Big Man. The re-engagement and reform process will not go anywhere becoz its not supported by the powers that be. The reforms for growth demanded by the creditors will be ignored and Chinamasa's plan will fail.

Peter Mhango - 18 October 2015

good idear by minister Chinamasa and coleagues. what is needed is enough education about the importance of re-engagement with the global community not only to zhuwao and mutsvangwa but to all zimbabweans. rume rimwe harikombi churu vakomana. ngatidyidzanei navo yes but tochenjera kununurwa takapingwa vana vezimbabwe. remember these briton hood institutions recomment for the implementation of non performing policies to african states. ndapota muchenjere kununurwa makapingwa minister chinamasa. moziva kwatakananga nekwatiri kubva uye the current situation. ichooo

CHARLES TEMBENUKA - 19 October 2015

Chris Mutsvangwa isaga remunhu. No wonder why Grace poured some venom on him and other war veterans. They are all stupid. Unoti hatidi murungu ndezvemumba mako here zviri kugadziriswa zvacho. Haafungi mhani mazibuka aya ndoosaka akatukwa naGrace. Ukwane iwe Chris Mutsvangwa. Unoti hatidi varungu zvinhu zvose zvauri kushandisa wakazviwana kupi uye uchaenda kupi kana zvasakara. Imba yauri kugara mupurazi rawakabvuta pane cent zvaro rawakambobvisa ipapo. Handiti imari dzevarungu dzawakabvuta. Ndimi muri kunganganisa upenyu hwedu isu vechidiki nezvifungwa zvenyu mawar vet imi zvakakondoka. Manje hokoyo iwe Chris naDr Amai. Basa rako ratopera uye chifaction chako chiri paFires. Fire Chris first Dr Amai.

Dhurun'aru - 20 October 2015

brend atrice uri mbavha hako. Manje hapana mari yauchaba muzimbabwe. Nhamo ndoo ichakuuraya. Kkkkkk!

Jope - 20 October 2015

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