Hyperinflation means this much money is required to buy a loaf of bread in Zimbabwe
The world has been inundated with impassioned calls for the removal of sanctions on Zimbabwe. Before the country can effectively address this development, there are ample issues the new 'inclusive ' government must tackle to provide evidence that it is seriously committed to help Zimbabweans get back to normal life.
Return of investors to the Zimbabwean economy is a sure and quick route to put people back to work. People of all political stripes have begun to ask what the new government is doing to attract domestic and foreign investors? Zimbabwe is considered one of the worst destinations for an investor.
According to a World Bank publication, Doing Business 2009, Zimbabwe's economy is ranked 158 out of 181 economies in the Ease of Doing Business. While imploring the international community to lift targeted sanctions, the new government’s ministers are missing opportunities well within their grasp to make positive changes in their economy. Instilling confidence in their markets and the overall economy would be a worthwhile exercise to improve the country’s investment ranking and reputation. The new government has the capacity to bolster the investment climate by creating a user-friendly business environment by ensuring the protection of property rights, for a start. It should be easy for the newcomers in government to figure that there is a desperate need for an environment in which investors feel confident that their rights are protected, and their operations devoid of bribery or corruption at every government window of service.
World Bank publication, Doing Business 2009 - Country Profile for Zimbabwe
The Doing Business study presents quantitative indicators on business regulations and the protection of property rights that can be compared over time across 181 economies from Afghanistan to Zimbabwe. This paper presents the summary Doing Business indicators for Zimbabwe. The paper includes the following headings: introduction, starting a business, dealing with licenses, employing workers, registering property, getting credit, protecting investors, paying taxes, trading across borders, enforcing contracts, and closing a business. http://www.imf.org/external/np/sec/pr/2009/pr0993.htm
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