G20 Compact with Africa: No Reformers, No Compact - The Zimbabwean Case Study

As a reform strategy, the G20 Compact with Africa (CwA) framework has the potential to support Zimbabwe’s economic transformation agenda. It is relevant to both the re-engagement agenda and the Transitional Stabilisation Programme (TSP) to turn around the Zimbabwean economy. Yet despite its relevance, the compact has failed to raise enthusiasm among Zimbabwean policymakers, and few economic stakeholders are aware of it. Several factors are responsible for this status quo. First, the government is desperate and preoccupied with finding a quick solution to the economic crisis, and the compact does not seem appropriate for this. Second, there is no reform culture among the cohort meant to be the custodians of reforms. Third, multilateral debt has prevented any potential inroads with the international organisations involved with the compact. Lastly, the Chinese, who are pushing a bilateral agenda, have occupied most of the attractive economic space.