Zim sets economic sovereignty precedent

EDITOR — A ray of hope shines on the country’s economy as evidenced by a two percent growth prediction by the International Monetary Fund (IMF) in a recent survey.

While detractors concentrate on negatives, Zimbabwe has been formulating strategies, adaptations and policies to revamp its economy without Western hand-holding, a brave choice yet to be implemented by other African nations.

According to IMF’s Regional Economic Outlook report, growth in the region will barely deliver any per capita gains unless African governments implement strong and urgent policy reforms to boost growth. This is something which the Zimbabwe Government has already done.

Under Zim-Asset, most of the “grand” submissions by IMF think-tanks are already in place.

According to IMF, the delay in implementing critical adjustment policies will lead to higher public debts, creating uncertainty, holding back investment and risks generating deeper difficulties for most African economies in the future.

The IMF also acknowledged growth in agricultural production in Zimbabwe, something which should drive the country’s economy.

Rungano Dzikira, Via e-mail.