On the 18th April 1980 I was seated in the stands at Rufaro Stadium in Harare immediately behind Indira Gandhi from India and to the right of the podium where Prince Charles and Robert Mugabe sat for the flag raising ceremony at midnight. Like most Zimbabweans it was a night of mixed emotions - relief that the long years of a savage civil war were over, the years of mandatory UN sanctions were behind us and perhaps new opportunities lay ahead.
Zimbabwe was born that day as not exactly a "bonnie baby" but for all the problems it was in remarkable shape. Total national debt was only US$700 million, a mixed economy which gave the average Zimbabwean an income that was three times that of neighboring Botswana and compared favorably with South Africa and a currency that was worth two US dollars. The main plank of the economy was agriculture driven by 6000 largely white farmers who generated a third of all employment, half of all exports and a quarter of GDP.
In the succeeding 20 years, Zimbabwe was the recipient of many billions in foreign aid, was able to borrow heavily on international markets and boasted the highest literacy rate in Africa. Despite open access to global markets and the availability of resources to fuel its development, the dominant ruling Party, Zanu PF had not managed national affairs well and deep seated problems, both political and economic loomed.
Its first major violation of accepted international norms was the campaign waged between 1983 and 1987 against its arch enemy, the Zimbabwe African Peoples Union (ZAPU) led by Joshua Nkomo. After what is now accepted as a genocide directed against the minority Ndebele tribe, Nkomo accepted subjugation and his Party was absorbed into the ruling Party. Mugabe called the campaign against Zapu "Gukurahundi" or the "storm that washes clean".
Over the whole 20 year period up to 2000, the State ran a budget deficit of over 9 per cent per annum - nearly double what was sustainable. Then in 1997 Mugabe caved into pressure from veterans of the war against the Smith regime and paid out reparations worth over US$1 billion.
Already overstretched and in violation of agreed targets set by the IMF, the Zimbabwe economy began a rapid slide into chaos and collapse. This was further exacerbated in 1998 when Mugabe ordered 11000 troops into the Congo to support Kabila in the struggle to gain control of the State.