25 January 2013

Zimbabwe: Friday, 25 January 2013 - Issue 506

press release

One of the most remarkable achievements of the MDC in government has been the recovery of the economy from the brink of total collapse in 2008. Through introduction of the US dollar and tight fiscal measures, Hon Tendai Biti's Ministry of finance was able to steer the Zimbabwean economy from the doldrums to a continuum of sustainable economic activities to date. President Tsvangirai reflects on this and other phenomenal developments;

"With a narrow budget and very restricted fiscal space, the Ministry of finance demonstrated that with the little means that we had, we managed to sustain Government operations. I think the issue of restrictions on technical assistance to Zimbabwe by the International Monetary Fund (IMF), debt restructuring and the continued consolidation of the macro economic situation were positive developments.

We implemented the ICT policy, which saw the whole country being wired up with mobile access. In the Health sector we saw the setting up of cancer centers in Harare and Bulawayo. In Education we had Grade 7 results announced way before Christmas and it is an achievement.

On the roads under the Government Work Programme (GWP) there is the relaying of the Plumtree-Mutare road. A lot of major activities are taking place. If you go to other critical interventions, the ministry of Energy has made efforts to find a solution to the Chisumbanje ethanol plant dispute. Internationally the diamond issue seems to be near resolution and what is required now is greater transparency in accounting for the proceeds to the fiscus."

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