Zimbabwe's efforts to win back international support have been bolstered by South Africa. Pretoria urged the lifting of sanctions from its troubled neighbor. Zimbabwe is trying to revive a deteriorating economy that has seen worsening shortages of basic commodities, cash and fuel. CGTN's Farai Mwakutuya reports.

That Zimbabwe's economy is distress is undisputed, what's debatable is how to fix the crisis. Government has outlined a raft of austerity measures but is skirting around currency reforms, specifically unpegging the official one to one rate between bond notes and the US dollar.

KIPSON GUNDANI EXECUTIVE DIRECTOR & CEO, AFRICA ROUNDTABLE "I think of late you have heard of Delta wanting to sell in forex, Olivine industries closing citing the forex issues. Those are matters that can be easily resolved by pursuing a managed floating exchange rate and allow these guys to source forex from the market and also resulting in decriminalizing of forex trade."

A crippling shortage of hard currency has held up international payments and led to shortage of some basic goods. Zimbabwe has sought a foreign financial injection to shore up its foreign currency reserves and facilitate imports of raw materials. It's been unsuccessful so far with the most recent disappointment coming from its neighbor and largest trade partner, South Africa, which turned down a request for a 1.2-billion bailout package. It has offered support diplomatically though, calling for the lifting of US sanctions on Zimbabwe. But removing the embargoes alone may not be enough to attract the craved capital.

RESPECT GWENZI CHIEF ANALYST, EQUITY AXIS RESEARCH "We don't really something tangible on the ground. People don't believe what we have in terms of the economic prospects and trying to evaluate returns against risk. I believe people still believe we are risky area regardless of the sanctions issue."

That's why some here believe energy should be exerted on winning back much needed confidence.

KIPSON GUNDANI EXECUTIVE DIRECTOR & CEO, AFRICA ROUNDTABLE "Economies dance according to the behaviours of the economic agents, which is you and me. What we believe in, what we trust in shapes our behaviours and in aggregate terms that's what shapes what an economy is. So the major missing link in this whole matrix is a confidence issue."

FARAI MWAKUTUYA HARARE, ZIMBABWE "President Emmerson Mnangagwa has invited the opposition to dialogue to find solutions to the economic crisis. If consensus is reached it could see the country take a huge step towards full economic recovery. FM, CGTN, H, Z."