Government Budget 2019
Austerity for Prosperity
In 2001, Zimbabwe signed the Abuja Declaration, promising to spend at least 15% of the Government budget on healthcare.
But in 2019 less than 9% of the Zimbabwe budget went to healthcare.
But Zimbabwe’s Finance Ministry didn't prepare this Budget alone.
Behind the scenes a powerful global institution was working to shape the Austerity for prosperity agenda.
The International Monetary Fund (IMF).
What the IMF says they do:
“The International Monetary Fund (IMF)imposes strict conditions on it’s loans which put huge pressure on governments to cut public employment funding, privatise public services and implement austerity policies.
provides loans and emergency loans to member countries experiencing actual or potential balance of payments problems.“