'Zimbabwe's economic future bright,' says Gono

Published: 23 August 2013

RESERVE Bank of Zimbabwe Governor Dr Gideon Gono says the country's economic future looks bright provided the incoming Government quickly moves to deal with factors affecting growth.

He said the Zanu PF-led Government should move swiftly to roll out policies that encourage investment, capital, job creation, productivity and infrastructure development amid stagnating economic growth and deteriorating current account deficit.

Dr Gono made the remarks yesterday at the National Sports Stadium on the sidelines of the occasion for the swearing in of President Mugabe as the Head of State and Government following his resounding victory in the July harmonized elections.

"The economic prospects of this country are certainly bright in the medium to long-term provided that in the immediate term we lay a strong foundation for delivery.

"Electioneering is over, what is important now is a set of economic policies that are going to be pursued by Government. As long as these policies encourage productivity, investment, discipline, employment creation and well thought out implementation of the indigenisation and empowerment programme, the future looks bright," he said.

The RBZ chief said at this juncture Zimbabwe did not want reckless implementation of any programmes that have potential to scare away capital and investment."

Dr Gono said Zimbabwe needed to urgently mobilize investment capital from external markets so as to augment local resources while also engaging vigorously and tactfully external partners and all available sources of the much-needed capital.
- herald

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