Category: Finance
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Public Finance is never neutral
Introduction In discussing agricultural spending in Malawi, I asked why the country invests more in maize than in livestock. While maize is vital to food security and widely consumed, its prominence is influenced by a range of complex factors. These include electoral motivations, financial incentives, donor preferences, and institutional biases. This highlights a deeper issue…
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A banknote paper supplier withdraws from Zimbabwe.
On 1st July 2008, a German company Giesecke & Devrient(http://www.gi-de.com) which supplies banknote paper to different central banks was forced to withdraw from supplying the paper to the Reserve Bank of Zimbabwe. This followed international pressure. Zimbabwe’s hyperinflation forced the country’s central bank to print more Zim dollars creating demand for the German company’s banknote…
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