Zim economic growth to be anchored on agriculture

Zim economic growth to be anchored on agriculture
Image from techzim
Published: 20 December 2013
The economy is projected to record strong growth of about 6.1 percent premised on an active ZimAsset programme policy scenario anchored on strong recovery of agriculture and improved performance of mining and construction sectors, Finance Minister Patrick Chinamasa said when he presented the 2014 national budget in Parliament on Thursday.

This means that there is a need for a serious urgency and commitment by the Government recapitalize Agribank so as to facilitate credit for farmers to be able to buy inputs.

According to the minister, in 2014 agriculture is projected to grow by 9%, mainly driven by growth in maize (62,8%), cotton (27,8%), soya beans (26,7%), and groundnuts (56,8%), among other crops.

"The improved state of preparedness, sustainable planned financing arrangements and inputs availability, among others, will support the above anticipated growth," he said.

Below is a table extracted from the 2014 national budget statement, showing the projected growth rates from each sector contributing to the total anticipated 6.1 percent growth by end of 2014. This growth rate is anchored on the successful implementation of ZimAsset.



- bh24

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