Zimbabwe: New Monetary Measures Will Take Zim to Steady Economic Growth - ED

Zimbabwe riot police (file photo).
8 October 2018
document

Read below, statement from President Emmerson Mnangagwa on the state of the economy;

Last week, Minister of Finance Mthuli Ncube, drawing on his vast experience as chief economist and vice President at the African Development Bank, announced a series of measures to reform and revive our economy, and put us on the path to steady economic growth. Cognisant of the scale and urgency of the challenges facing us, our plan is bold and far reaching and will have the desired effect.

I have read your comments and understand the difficulties many face, and government will do all in its power to minimize them. We are already taking the lead by cutting back on unnecessary spending. The only way to a stronger economy is to restructure, rebuild and reform.

We must all be realistic. Whatever some may claim, there are no silver bullets or quick fixes. There is no need to panic, and government is guaranteeing the availability of all essential commodities, including fuel.

We are on a shared journey to a better and more secure future. The road is long, winding and at times bumpy, but there is no other way. This is the road to a middle income economy, and if we travel it together, with patience and purpose, we will realize our vision.

See What Everyone is Watching

More From: 263Chat

Don't Miss

AllAfrica publishes around 700 reports a day from more than 140 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.