Global Finance raises central bank governor’s ratings

By Davison Vandira

ZIMBABWE’s macroeconomic reform success continues to get international recognition, with the latest being the Reserve Bank of Zimbabwe governor’s recognition by Global Finance.

The macroeconomic reform process that started with the Transitional Stabilisation Programme and moved to the ongoing National Development Strategy One giving prominence to monetary and fiscal stability, is starting to bear fruit.

This comes after Zimbabwe’s monetary policy success story was acknowledged by Global Finance with Reserve Bank of Zimbabwe Governor John Mangudya moving up the ladder from D class to C- as the country scored big in taming inflation and suppression of money supply growth in 2021.

It is against this context that economic analysts have implored monetary authorities to continue with the same trajectory in 2022 to strengthen macroeconomic stability.

“The ratings by Global Finance are confirming the successes that the country witnessed in 2021 and the way forward is to maintain the working formula for the betterment of Zimbabwe,” said economist Batanai Matsika.

Kudakwashe Mugova, another economic analyst, said: “The improvement in ratings is a positive and welcome development, that as a country we should build upon to achieve our economic targets in 2022.”

The appreciation of monetary authorities comes hardly a week after the World Bank certified fiscal authorities’ efforts and confirming bright prospects for Zimbabwe this year.

The post Global Finance raises central bank governor’s ratings appeared first on ZBC NEWS.

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