Economic Fundamentals in place to develop the economy

By Davison Vandira

THE Reserve Bank of Zimbabwe (RBZ) Governor, Dr John Mangudya says economic fundamentals needed for sustainable growth are now in place for the country to realise its potential.

Delivering an economic lecture at the Zimbabwe National Defence University, this Wednesday, RBZ governor Dr John Mangudya revealed the strength of the country’s financial sector stability and resilience.

The Central Bank chief stated that the country should maintain a conservative monetary stance supported by compliance, transparency and value preservation to minimise shocks.

“Zimbabwe has realised a good outturn in managing its fundamentals which are at the moment in the best shape to facilitate growth and as the central bank we will continue fostering this stability,” said the governor.

The apex bank is also set to maintain the obtaining macroeconomic stability through discipline mechanisms among economic players.

“The economy has been affected by non-monetary issues relating to truancy and we will keep a tab on indiscipline as we continue to seek economic development.”

The country’s monetary authorities have been extolled by economic Analysts for the manner they are pushing for macroeconomic stability a key determinant of growth.

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