Zimbabwe: 2015 Budget - Banking Sector Confidence Key

26 November 2014

Restoration of confidence in the banking sector should be one of the key focus areas of the 2014-15 National Budget if the country is to set itself on an economic growth trajectory. Analysts who spoke to The Herald Business yesterday called on Finance and Economic Development Minister Patrick Chinamasa to effectively deal with the problems surrounding the banking sector in order to inspire confidence in the economy.

Some of the issues which were highlighted as critical to the success of the 2014-15 National Budget include the finalisation of the recapitalisation of the Reserve Bank of Zimbabwe, the re-establishing of the lender of last resort function and the completion of the demonetisation of the Zimbabwe dollar so as to boost depositors' confidence.

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