CHAPTER ONEINTRODUCTIONThis thesis analyzes the nature of the Zimbabwean crisis since independence in 1980 until 2009, when dollarization took place in the country. This study assesses the many reasons for the collapse of the country's economy. Zimbabwe, a newly independent country, was largely financed by aid from international donors during the first decade. During this first decade of independence, international donors played a major role in determining the course of development, funding various development projects in areas such as health care, education, infrastructure and 'agriculture. During the second decade of independence, these donor agencies were responsible for forcing the implementation of the structural adjustment program. The aim of the economic restructuring was solely to recover the money lent to Zimbabwe by these international financial institutions after independence. Some of the money owed by the country actually dated back to the days before independence. This restructuring marked the start of Zimbabwe's economic collapse, later known as the Zimbabwe Crisis. The Zimbabwean crisis was not caused by an isolated event, but rather by a series of events that left the country on the brink of disaster. Zimbabwe would suffer from hyperinflation, which was the highest in the world between 2007 and 2008, a bankrupt economy in which the productive sectors of agriculture and mining were in decline and the local population was left with less income. 'pocket money. Although this crisis was mainly caused by economic structuring, other factors such as economic policies introduced by President Mugabe, economic mismanagement and political problems with opposition parties have all contributed to this crisis. ...a group that includes the commanders of the army, air force, police, corrections and the infamous Central Intelligence Organization (CIO) has continued to benefit from the chaotic situation in Zimbabwe. In early 2009, the main opposition leader, Morgan Tsvangirai, agreed to join a national unity government, but it remains to be seen what concrete impact this will have on an economy that has been in free fall for more than a decade. There are still issues that urgently need to be addressed, including the need for genuine economic and democratic transformation and, above all, to eradicate the corruption and economic mismanagement that have become endemic in the country. For example, economic mismanagement, including interference from the Reserve Bank of Zimbabwe, fueled the collapse of the local currency, which became virtually useless by the end of the year. 2008.