May 07
THE sanctions imposed on Zimbabwe by the West and its allies continue to frustrate the country’s efforts to achieve meaningful investment due to negative destination perception, prominent economist and former Government advisor, Professor Ashok Chakravarti, has said.
Mar 22
Economist Ashok Chakravarti said every new market takes time to settle in order to be fully functional, which is why the market was performing the way it was. But he called on the market to be free of controls that were determined by traders.
Mar 02
“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.
Feb 12
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
Jan 13
Economist Ashok Chakravarti has said that for the first time in a long time, he feels Finance Minister Mthuli Ncube is leading Zimbabwe’s economy in the right direction as Zimbabwe has had an economic mess for 20 years.
Jan 13
Economist Ashok Chakravarti said the workers’ request for better working conditions was reasonable. “I am confident there are ways of raising additional revenues without increasing taxation, but it has to be part of a comprehensive reform package.”
Jan 03
Respected economist Ashok Chakravarti has repeatedly said that dollarisation is not a viable long-term solution to the issue of currency because Zimbabwe does not have “a good source of US dollars”.
Jan 01
Tangible economic turnaround would be witnessed this year if Government remains steadfast in dealing with the twin terrors of fiscal deficit and the failure to implement proper foreign currency management systems. This was said by prominent academic Professor Ashok Chakravarti in an interview yesterday.
Nov 18
Zimbabwe needs to introduce a hybrid foreign currency management system or create a long maturity US$ Brady type bond to preserve savings amid the currency chaos, renowned economist Ashok Chakravarti has advised.
Oct 12
By Andrew Harding, BBC News, Harare A deepening unease is settling over Zimbabwe as the country’s fragile local currency loses value at an alarming speed, prices soar, local and foreign businesses close their doors, and people wonder whether their savings are about to be wiped out once again, as they were during the economic collapse and …