MUGABE CHARMS Foreign Investors, Makes U-turn On Policies
Published: 2016 May 19 11:47:56 (2165 Views)
AGEING president Robert Mugabe is making frantic efforts to resuscitate the economy which he has presided over it's demise since 1980 and has hit a U-turn on most of the country's inhibitive policies to attract foreign investors.
Mugabe has in the past year and a half created teams with support from the World Bank (WB) and a team of local economists led by University of Zimbabwe lecturer, Ashok Chakravarti.
Chakravarti told a local publication that Mugabe’s office was leading the initiative known as Ease of Doing Business Reforms.
“The initiative came after a study done by the Industry ministy that found that Zimbabwe’s economic environment was over-regulated and had become a high-cost economy. This has resulted in uncompetitive exports, while the market is flooded by imports,” Chakravarti was quoted as saying.
He said the initiative was known as the President’s 100-Day Action Plan.
“Under this, inter-ministerial working groups (IWGs) are supposed to report on progress every 100 days. Those that would have failed will get a red flag
We are in the second 100 days and we will continue until we get to the level of compliance that we want,” he said.
He also said Mugabe’s office leads the initiative, with technical and financial support from a local organisation known as the Strategic Economic Research Analysis Programme (Sera) and the WB.
Last year, the Chinese government was said to have seconded economists to Mugabe’s office, as part of a deal to fund a turnaround in Zimbabwe.
- Zim Metro
Mugabe has in the past year and a half created teams with support from the World Bank (WB) and a team of local economists led by University of Zimbabwe lecturer, Ashok Chakravarti.
Chakravarti told a local publication that Mugabe’s office was leading the initiative known as Ease of Doing Business Reforms.
“The initiative came after a study done by the Industry ministy that found that Zimbabwe’s economic environment was over-regulated and had become a high-cost economy. This has resulted in uncompetitive exports, while the market is flooded by imports,” Chakravarti was quoted as saying.
He said the initiative was known as the President’s 100-Day Action Plan.
“Under this, inter-ministerial working groups (IWGs) are supposed to report on progress every 100 days. Those that would have failed will get a red flag
We are in the second 100 days and we will continue until we get to the level of compliance that we want,” he said.
He also said Mugabe’s office leads the initiative, with technical and financial support from a local organisation known as the Strategic Economic Research Analysis Programme (Sera) and the WB.
Last year, the Chinese government was said to have seconded economists to Mugabe’s office, as part of a deal to fund a turnaround in Zimbabwe.
- Zim Metro
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Anonymous user
2016 May 20 09:49:48
don't trust the bastard - he's a fake!!!
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