New Zimbabwe (London)

20 July 2014

Zimbabwe: Troubled Economy On the Mend - Mugabe

Photo: Antony Kaminju/IRIN
A woman sells vegetables at a food market in Harare

PRESIDENT Robert Mugabe has said Zimbabwe's struggling economy is now on a rebound adding his government has put in place several measures to ensure a sustained recovery.

"Let me assure our people that the country's economy is on recovery path. Government is going to employ several measures aimed at achieving desired results," Mugabe said Sunday while officiating at a prize giving ceremony for the presidential shooting competition.

He said the government had introduced the Integrated Result Based Management (IRBM) system which will force state enterprises to come up with strategic action plans for economic turnaround.

"IRBM is a strategic management tool aimed at effectively eradicating mal-performance. It focuses on enhancing commitment and duty consciousness in all government work forces.

"The implementation of IRBM should effectively bring about the desired success of our economic turnaround."

Since the July 31, 2013 elections were held, the economy has been tumbling with more companies folding in the face of a biting liquidity crunch.

As usual, Mugabe commended the country's security forces for standing firm with his government and for excelling on international duties.

"Evidently the deployments are an eloquent testimony of the growing demand for our quality services by the UN, AU and the SADC.

"This rainy season, during the Tokwe-Mukosi disaster, they (security services) effectively conducted search, rescue and evacuation operations to the marooned villagers.

"Our security forces also showed equal commitment to duty during the Tsholotsho floods disaster."

Some 528 competitors, 145 of them female, took part in this year's edition of the President's Medal Shoot competition.

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