Mushore said the government had to make peace with international financial institutions as a matter of urgency. We have to agree to whatever it is the donors want us to agree to, to at least get back on our feet as a temporary measure. While it appeared banks were doing well in the collapsing economy, they did not operate in isolation, Mlambo said. Banks will soon find themselves in problems as their client base is being eroded. Companies are closing down, bad debts are increasingly becoming the order of the day.
Nobody is an island.
Mushore said while banks were able to follow boom sectors, in today's Zimbabwe every single sector was under stress and banks were suffering as a result. If we cannot create employment locally, we must be able to benefit from our exported labour.