Showing posts with label Zimbabwe. Show all posts
Showing posts with label Zimbabwe. Show all posts

Tuesday, May 29, 2012

OT: Zimbabwe's Mugabe as UN's International Envoy of Tourism


From UK's Guardian (5/29/2012):

Robert Mugabe asked to be UN 'leader for tourism'

The Zimbabwe president, accused of ethnic cleansing and bankrupting his country, asked to champion tourism

With a line-up that includes Drew Barrymore, David Beckham, Orlando Bloom, and Ricky Martin, the UN's choice of ambassadors has been known to cause raised eyebrows or the odd smirk.

Seldom, however, has there been such anger, or questioning of the organisation's credibility, as that greeting the appointment of a new international envoy for tourism: Robert Mugabe.

Improbable as it seems, the Zimbabwean president, who is widely accused of ethnic cleansing, rigging elections, terrorising opposition, controlling media and presiding over a collapsed economy, has been endorsed as a champion of efforts to boost global holidaymaking.

Despite that fact Mugabe, 88, is under a travel ban, he has been honoured as a "leader for tourism" by the UN's World Tourism Organisation, along with his political ally, Zambian president Michael Sata, 75. The pair signed an agreement with UNWTO secretary general Taleb Rifai at their shared border at Victoria Falls on Tuesday.

Zimbabwe's state-owned Herald newspaper quoted Rifai urging tourists from around the world to visit : "I was told about the wonderful experience and the warm hospitality of this country … By coming here, it is recognition, an endorsement on the country that it is a safe destination."
The agreement will also see the two southern African countries co-host the UNWTO general assembly in August next year.

UNWTO said it had not appointed Mugabe to any formal position but acknowledged he would receive an open letter like other heads of state who have joined its leaders for tourism campaign.

(Full article at the link)


Well, the bigger the atrocities, the bigger the fame and recognition, it seems, for the power that be.

Wednesday, January 13, 2010

Free-Market Capitalism at Work in Zimbabwe

Zimbabwe is a poster child for hyperinflation (the other one being Weimar Republic), always cited by inflationists as a warning of what could happen if the fiat money printing doesn't stop. But while the rest of the world keeps focusing on that aspect, the country has clearly moved on, to a debt-free, central-bank-free, free-market capitalism that provide jobs, feeds and clothes its citizens much better than the system they had had.

Zimbabwe gold production up 35% (1/11/2010 AFP)

"HARARE (AFP) – Zimbabwe's gold production surged 35 percent to 4.2 tonnes last year in a "remarkable recovery" for the mining sector despite erratic power supply, the Chamber of Mines said Monday.

"The 2009 figure was up from 3.1 tonnes the previous year, it said.

"It was a remarkable recovery for the gold and mining sector in general," Chamber of Mines chief economist David Matyanga told AFP.

""However the recovery process within the gold and mining sector in general was affected by the erratic power supply and the critical shortage of working capital," he said.

""The operating environment last year greatly improved when compared to the previous year," said a manager at foreign-owned mine who did not want to be identified.

""Last year we got a loan to revive some of our operations and expand operations which was something that could not be heard of in 2008 or 2007," the manager said." (The article continues.)

This encouraging story is made possible by the demise of the central bank in Zimbabwe.

The central bank effectively ceased to exist. No more lender of last resort. No more printing money at the behest of politicians. Zimbabwe allowed multiple currencies (U.S. dollar, Euro, British Pound, South African Rand) to circulate freely. Now, prices of money and goods are set by a free market. Price control and forex control are gone. Money flows freely into and out of the country. Shelves at markets are full again, people can feed and clothe themselves again. Zimbabweans who fled to neighboring countries to escape poverty and famine caused by astronomical inflation are returning.

Best of all, the country is debt-free, probably the one and only in the whole world. Government and private debt in old Zimbabwean dollar was repudiated. President Mugabe is still there, but it is hoped that he won't last very much longer (he is 85).

I read about the amazing transformation of Zimbabwe in this article posted at Kitco.com back in November last year:

Zimbabwe: A Fresh Start (Alf Field, 11/11/2009 Kitco.com)
Now the once-mighty gold mining industry in Zimbabwe is coming back, despite power shortage and shortage of working capital. All thanks to the death of their central bank, and return of a free-market capitalism.