Potential Hot Spots: December 4, 2003


On December 3 the International Monetary Fund (IMF) board voted to expel Zimbabwe. Zimbabwe owes the IMF 273 million dollars and is not meeting IMF loan guidelines. Since 1999 Zimbabwes GDP has declined 40 percent. Current annual inflation is around 530 percent. The IMF decision could have major strategic effects on the Mugabe government. It removes an important economic prop that his government has relied upon. The decision weakens the Mugabe government and demonstrates his governments increasing international isolation. Whether this translates into domestic weakness vis a vis Zimbabwes internal opposition remains to be seen. Stay tuned.


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