Green Party ad­vise govt on mon­e­tary pol­icy

Daily Nation Newspaper - - HOME NEWS -

By AN­NIE ZULU GOV­ERN­MENT must re­con­sider the mon­e­tary and cur­rency pol­icy tools as it presents the 2018 na­tional bud­get be­fore eco­nomic cri­sis deep­ens, Green Party pres­i­dent Pe­ter Sinkamba has said.

Mr Sinkamba noted that the mon­e­tary and cur­rency pol­icy tools were shrink­ing the coun­try's econ­omy rapidly.

He also said the tools were sharply trig­ger­ing a cri­sis in the bank­ing sec­tor. The Green party leader has since urged Fi­nance Min­is­ter Felix Mu­tati to re­think the poli­cies and con­sider an over­haul as he presents the 2018 bud­get, say­ing they were driv­ing the coun­try into an eco­nomic cri­sis. “We the Greens are ex­tremely alarmed that fa­nat­i­cal mon­e­tary and cur­rency pol­icy tools have shrunk the econ­omy, and trig­gered a cri­sis in the bank­ing sec­tor: need com­plete over­haul now be­fore eco­nomic cri­sis deep­ens. “This is ev­i­dent from the statis­tics which show that the econ­omy has shrunk from about US$28bil­lion in 2013 to US$19bil­lion in 2017,” Mr Sinkamba said.

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