An adviser to government on the ease-of-doing business, Ashok Chakravarti, called for an investigation into the externalisation of funds, as it had emerged that US$5 billion could have been siphoned out of the country since dollarisation in 2009.
PROMINENT economist and former Government advisor, Professor Ashok Chakravarti, says efforts should now be redirected at stabilising the exchange rate to protect the value of the Zimbabwean dollar and stimulate production.
“It was a Ponzi scheme in the past,” said Ashok Chakravarti, an economist and lecturer at the University of Zimbabwe. “Especially in the Gono era, where that chap just kept printing money.” Gono didn’t answer a call to a mobile phone number he has used in the past.
Prof Chakravarti unpacks the operations of the inter-bank Forex exchange market
On this edition of The Platform former Finance Minister Tendai Biti and Economist Ashok Chakravarti join Larry Kwirirayi in studio for their no-holds-barred reaction to the Reserve Bank of Zimbabwe Monetary Policy Statement
Economic consultant and University of Zimbabwe lecturer Professor Ashok Chakravarti said; “This is an extremely important development, which was essential in ensuring that the Transitional Stabilisation Programme can be achieved because on the fiscal side