Tuesday, November 24, 2009

Zimbabwe Parties on Possible Gono's Exit Deal


THE partial immunity from prosecution granted to the Central Bank Governor Gideon Gono through amendments to the Reserve Bank Reform Bill "is a safe exit strategy" for a man under immense pressure to throw in the towel, political analysts said last week.




Parliament passed the Bill after it was amended to include a clause that gives partial immunity to Gono or any employee of the bank "for anything done in good faith and without negligence under the powers conferred by this Act".



Earlier in the week, Zanu PF MPs had threatened to block the Bill because they felt it was "targeted at an individual rather than an office".



But the analysts said by agreeing to a clause that gives immunity to Gono, Zanu PF had, in a way, endorsed calls for the central bank chief to make way for fresh ideas.



They said Zanu PF can no longer bear with the pressure from both MDC and the Southern African Development Community (Sadc) on the resolution of the outstanding issues to the power-sharing agreement with the MDC factions.



The MDC-T has been pushing for the removal of Gono from the RBZ accusing him of destroying the economy through quasi-fiscal policies and recklessly funding Zanu PF programmes.



A Sadc ministerial team that assessed the implementation of power-sharing agreement between Zanu PF and the two MDC formations recommended that Gono should be reassigned to save the shaky coalition from collapse.



University of Zimbabwe political scientist Eldred Masunungure said the immunity granted to Gono was to pave way for "a soft landing" for the troubled RBZ chief.



Masunungure said the fact that the immunity came through an amendment gives credence to speculation that Gono might soon be reassigned.



"This is meant to pave a way for soft landing and a trouble-free exit from the central bank," Masunungure said.



"It's a golden handshake for him and he will soon be reassigned to a politically invisible job where he will start a new life without being haunted by prospects of being prosecuted."



Another UZ science lecturer, John Makumbe agreed but described the immunity as a "costly" golden handshake.



Makumbe blasted the MDC formations for making such a "concession" saying it was an insult to Zimbabweans who suffered at the hands of Gono's poor quasi-fiscal policies.



"It's dangerous to give immunity to a person who destroyed our economy propping up Zanu PF," Makumbe said.



"I am furious about it. The MDC has no authority to grant anyone immunity."



After granting immunity to Gono, said Makumbe, it will be a contradiction to prosecute all those fingered in a recent audit by the Comptroller and Auditor-General Mildred Chiri.

* Standard