Zim Has No Funds For Referendum, Elections: Biti

“Clearly as Zimbabwe government we don’t have funds for this election and the referendum too, therefore our friends the United Nations and other countries like China, United Kingdom, Sweden, Denmark must come to the party and help us, in the same way they helped us in the past with things such the education trust and the health trust,” said Biti in a pre-budget consultative meeting in Bulawayo Thursday.

“Issues around the threat of early elections are affecting business confidence and production outputs in Zimbabwe. Zimbabwe has also never known peace and stability for 10 successive years,” Biti said.

According to the Global Political Agreement (GPA) signed on September 15, 2008, President Robert Mugabe’s Zanu (PF) and the two Movement for Democratic Change (MDC) factions led by Prime Minister Morgan Tsvangirai and Industry Minister Welshman Ncube should be committed to the drafting of a new constitution that will pave way for a free and fair election.

Before the unity government Zimbabwe’s economy had collapsed as a result of economic mismanagement resulting in an unemployment rate of 94% and spiralling hyperinflation.

Zimbabwe‘s economy, considered one of Africa’s strongest economies, collapsed in an atmosphere of political turmoil, capital flight, corruption, mismanagement and brain drain.