Tag Archives: economy

The concept of debt-trap diplomacy has been widely used in recent years, including by world leaders. Most of the time, it is associated with the People’s Republic of China, particularly when bilateral agreements which are part of the Belt and Road Initiative are signed between the Chinese and other developing nations. But what exactly does… Continue reading

Following the ousting of the former president, Robert Mugabe, Zimbabwe has embarked on a path of openness that seemed to be unimaginable a couple of years ago. The new president, Emmerson Mnangagwa, has pledged to re-engage with the international community and subsequently normalize relations between them and Zimbabwe, a move seen by all observers as… Continue reading

Edgar Lungu’s decision to appoint Felix Mutati as Finance Minister is a clear message to the IMF and the World Bank: Zambia is again ready to follow IMF’s austerity policies. Mutati, who was minister in Mwanawasa’s and Banda’s governments, played a key role in approving and carrying out IMF’s prescriptions. Zambian economy collapsed as a… Continue reading