The Zim and Chinese governments are reported to be working on a rescue package that could see ZANU PF receiving billions of dollars to fund its economic blueprint.
The blueprint, dubbed Zimbabwe Agenda for Sustainable Socio-Economic Transformation (ZimAsset), was at the centre of the ruling party's poll manifesto, and promised the electorate a vibrant economy, and at least 2 million extra jobs.
"Judicious exploitation of the country's abundant human and natural resources" would propel this economic programme to success, Zimbabweans were told.
Ten months later the blueprint has turned out to have been no more than a pretentious wish-list not premised on any feasibility plan.
The ZANU PF government says it needs
Senior ZANU PF officials control the country's vast mineral wealth, but despite this, the party has failed to channel the proceeds towards national programmes.
However traditional allies the Chinese who had also seemed reluctant, have agreed to bail out the country in exchange for proceeds from the country's mineral wealth, according to media reports.
This follows a proposal by the Zim government to use the country's minerals as security, Chinese envoy to
The financial package is likely to be in the region of
Another Chinese diplomat
The deal further entrenches the Chinese presence in
Accountability activist Farai Maguwu described the deal as disastrous and said it was wrong for the Zim government to be "trading off the country's mineral wealth the way it is doing.
"The government should be doing a thorough exploration of what the country has underground, and then engage investors who can mine and trade in our minerals for the benefit of the country," said Maguwu, head of the
"The problem with
"Without addressing these issues, even if they get
He said ZANU PF should, "normalise relations with the international community so that the country can begin to attract genuine investors not the fly-by-night type that just comes in to bleed the country dry."
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