Zimbabwe: Unpacking the New Monetary Policy

The 2018 Monetary Policy Statement (MPS) was couched on the "open for business" narrative, which places the obligation on everyone to conduct business in a manner that promotes investment in the country. This narrative suggests that lack of investment, which is itself occasioned by capital constraints, is the major missing link in Zimbabwe's recovery efforts.

As already enunciated by the new President, Emmerson Mnangagwa, limited capital flows can be traced to a poor investment and business environment. It is therefore unsurprising that he has been globetrotting trying to spruce up the country's image as well as market its business and investment opportunities internationally.

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