Honourable members, I'll just proceed with opening remarks.
We're here to discuss the issue in Zimbabwe concerning human rights abuse and the economic decline. We'll go through that in our presentation with all the witnesses.
I was going to speak specifically to the economic hardships that we face in Zimbabwe and provide a brief history of how it started, where we are right now, and maybe the recommendations as to what we're asking from the Canadian government.
As far as history goes, we can trace back the economic decline in Zimbabwe to 1997, when the reserve bank, through the government, printed money to pay off the war veterans in a plea to gain political capital. What followed next was hyperinflation and a decline in the economy, which to this day hasn't quite recovered.
Coupled with the poor economy, Zimbabwe is very reliant on agriculture, and the poor climate hasn't helped the cause, as we witnessed cyclones in the following years: 2002, 2004, 2012, 2016, 2017, 2019 and most recently 2020. Because we're so reliant on agriculture, families have nothing to eat, job losses are high and unemployment is at an all-time high.
As you can see through the slides or the material that is in front of you, we've basically faced a 20-year decline in the economy, with poor fiscal plans from the government and poor infrastructure. I might note that ever since independence, the country has not gained in any way; it has looked back, with the current government obviously creating the poor economic climate.
In one of the graphs, we show Zimbabwe's annual GDP growth, dating back to the 1980s, which is when Zimbabwe attained its independence. It was high, faced a decline, and it ebbs and flows, going up and down. Most recently in the 2000s, because of the history I gave about money supply, the economy has been in the doldrums.
We've tried to provide high-level GDP information to show where we are as a country. Inflation right now stands at about 319%. Just to put that in perspective, if you go to the grocery store today and try to buy bread at $5, by the time you come back tomorrow morning you won't be guaranteed the same price. Meanwhile, wages are not moving accordingly, which is causing so much stress on the people of Zimbabwe.
We are aware that the Canadian government is able to offer support through its work as a top-10 donor in the Commonwealth. With that in mind, we're asking the Canadian government to commit to work with NGOs in Zimbabwe to establish a better economy, to lead the stance to denounce human rights abuses to the UN, to lift the moratorium on Zimbabweans to immigrate to Canada and facilitate their coming and working for their families and being able to fend for them, and lastly for the Canadian government to actively engage the Zimbabwean government in order to set up the right fiscal policies and support immigration to help Zimbabweans.
With that, I'll pass you on to Makanaka, our next presenter.