Uploaded by robert matarise

EXTRAVAGANCE IN ZIMBABWE

advertisement
Extravagance in Zimbabwe by leadership has had a significant economic impact on the
country. Some specific cases and their economic impact are:
Farm seizures: The government of Zimbabwe, under the leadership of Robert Mugabe,
initiated a land reform program in the early 2000s that resulted in the seizure of whiteowned farms. Many of these farms were given to high-ranking government officials and
their supporters, who lacked the necessary skills and resources to run them effectively.
This led to a significant decline in agricultural output and negatively impacted the
country's economy.
Presidential travels: Zimbabwe's former president, Robert Mugabe, was known for his
extensive travels abroad, often accompanied by large delegations of government
officials. These trips were costly and did not result in any tangible benefits for the
country. The cost of these travels is estimated to be in the millions of dollars and could
have been put towards more productive uses such as infrastructure development.
Luxury vehicle purchases: Zimbabwean government officials have been known to
purchase luxury vehicles, often at great expense, using public funds. For example, in
2016, the government purchased 100 luxury vehicles for senior officials at a cost of $20
million. These purchases have been criticized as wasteful and unnecessary, especially
given the country's economic challenges.
Airline purchases: In 2018, the government of Zimbabwe purchased four Boeing 777
aircraft from Malaysia Airlines for $70 million. The purchase was widely criticized as
extravagant and unnecessary, given the country's economic challenges and the fact that
the national airline, Air Zimbabwe, was already struggling financially.
Overall, these cases of extravagance have contributed to Zimbabwe's economic
challenges, including high levels of debt and low levels of economic growth. They have
also eroded public trust in the government and hindered efforts to promote fiscal
responsibility and good governance.
1
Download