Handing over a sheep or a goat to pay your children’s school fees: such barter trade may seem a little old-fashioned, but in Zimbabwe it has again become the payment method approved by the government. The Zimbabweans call this the ‘goat economy’. The country’s economy has been in a sorry state for a long time. In 2009, Zimbabwe made the US dollar legal tender, because its own Zimbabwe dollar had declined in value to the point where it was worth less than toilet paper, according to an article in NOS.(1)
The main reason for the shortage of funds is Mugabe. For example, last year the Government of Zimbabwe announced that foreign businesses were required to surrender their shares to Zimbabweans.
1. Does the Commission agree with the PVV that the EUR 234 million in EU aid to Zimbabwe has had no positive impact whatsoever, nor will it have any in future?(2)
2. Does the Commission agree with the PVV that Zimbabwe is once again demonstrating the bankruptcy of ‘EU development aid’ and that handing out taxpayers’ money for free has had no useful impact whatsoever?