Finance minister says sanctions to blame for cash crunch
Zimbabwe’s finance minister blamed international sanctions on Sunday for a cash crunch that has forced the government to delay wages to soldiers and civil servants as President Robert Mugabe faces rare popular protests.
Western countries imposed sanctions in 2001 on Mugabe’s government over allegations of vote-rigging and human rights abuses, which he rejects, while lenders such as the International Monetary Fund (IMF) have frozen financial aid since Harare defaulted in 1999.
Zimbabwe failed to pay the army on time for the second straight month, military sources said on Friday, and Finance Minister Patrick Chinamasa said the sanctions were hurting the government’s ability to meet its obligations.
“Sanctions crippled our capacity to own our international obligations (debt payment),” Chinamasa said when asked about the wage-payment delays during an African Union summit in Kigali, Rwanda. He did not say specifically which international obligations had been affected.