Thursday, 12 March 2015

Zimbabwe a begging economic country

Zimbabwe is a country that has a huge dept that is estimated to be more than US $5 billion . This dept is yet to be paid. Despite this dept, the the country has been rumored to be looking for another dept in China. Most of the people are stressed about what would happen to the next generation with the country with such a huge dept.

The public dept in Zimbabwe was at at around US$7 million in 2013.With such a huge dept Zimbabwe is not allowed to borrow another amount with the World Bank .

The best way for Zimbabwe to move on is to find new ways of paying the dept as soon as possible before it destroys the future of the country. We have to learn from others and also have good competitive policies that do not scare investors to the country.

According to the 2015 budget by Honorable Chinamasa Zimbabwe is going to focus on the ZimAsset blue print which is still confusing a lot of investors even ordinary Zimbabweans do not know what it says.

Chinamasa in parliament


CHINAMASA WITH THE BUDGET


 YEARMillions $% GDP$ Per Capita
2013 7,285 $55.16%526 $
20127,072 $56.73%516 $
20115,673 $51.76%425 $
20105,964 $63.19%456 $
20095,579 $68.29%432 $
20084,093 $69.43%338 $
20073,477 $50.53%289 $
20063,211 $45.08%267 $
20052,987 $38.83%253                                                                                                                                                        
200720072008200820092009201020102011201120122012201320133,0003,0004,0004,0005,0005,000Debt Millions €Debt Millions €
DateDebt Millions €
20052,401€
20062,557€
20072,537€
20082,783€
20094,000€
20104,498€
20114,076€
20125,504€
20135,485€
200720072008200820092009201020102011201120122012201320133,0003,0004,0004,0005,0005,000Debt Millions €Debt Millions €
DateDebt Millions €
20052,401€
20062,557€
20072,537€
20082,783€
20094,000€
20104,498€
20114,076€
20125,504€
20135,485€

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