Government to enact new economic strategies

Government will appoint an international advisory board that will provide a platform for the adoption of best practices, assess and/or adopt emerging trends and explore innovations that advance President Mnangagwa’s Vision 2030, a Cabinet minister has said.
Vision 2030 is President Mnangagwa’s plan to make Zimbabwe an upper middle-income economy by World Bank standards within 12 years.
To this end, Finance and Economic Development Minister Professor Mthuli Ncube on Sunday said Government would scour the world for knowledge, innovations and advice via an international advisory board made up of Zimbabweans based in different countries.
Prof Ncube said this in New York in response to a question from the floor during President Mnangagwa’s interaction with Zimbabweans resident in the United States.
He said the countries they were primarily looking to were “China, from Germany, from France, from the UK, from the US and from Africa”.
“So we are looking at a board in the order of maybe 10 people. This is not an unusual path. Pakistan has announced its international advisory board, it was done by the new Prime Minister Imran Khan. Somalia has just set up a board, Somaliland has a board as well.
“Rwanda has a board. In Nigeria there used to be a board, but I’m not so sure now. But this is common practice, we should get the best minds to assist us,” Prof Ncube said.
The Finance Minister also said Government was working on a plan to reduce Government expenditure from around 33 percent of GDP to single digits over the coming three years.
To do this, he said, entailed both containing costs and increasing revenue collections.

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