Govt commits to maintain pro-macroeconomic stability policy stance

By Davison Vandira

GOVERNMENT has reaffirmed its stance to remain steadfast in strengthening the country’s macroeconomic stability in line with the aspirations of the National Development Strategy One.

A breakfast meeting organised by the CEO Africa Roundtable which was by attended Captains of Industry in Harare this Thursday was an opportunity for government to reaffirm its stance on ensuring a friendly business operating environment.

The country’s monetary policy stance dominated the candid discussion with the two parties unequivocally stressing the need to work together for the common good of the nation.

Reserve Bank of Zimbabwe Governor, Dr John Mangudya highlighted the soundness of the financial sector in spearheading economic prosperity.

 “It is very refreshing to meet at the start of the year as we make plans for 2022, As RBZ we are firmly behind the economic wheel as such our domestic environment with respect to fundamentals are in correct position owing to a successful 2021 which we all want to consolidate going forward, as such the current monetary and fiscal policies will remain in effect,” he said.

Industry and Commerce Minister Dr Sekai Nzenza underscored the need to adopt e-commerce to enhance ease of doing business especially under the covid-19 Era.

“I am gratified by the level of high production and productivity experienced in 2021 and it is critical that we continue with the same trajectory in 2022 hence as government we will continue making the operating environment as conducive as much as possible,” said Minister Nzenza.

The sustained strengthening of the country’s industrial base has been tipped by economic observers as key to Zimbabwe’s economic success as spelt out by the National Development Strategy One.