Mugabe signs Public Debt Bill into law

President Mugabe has signed into law the Public Debt Management Act that seeks to provide management of public debt in the country.

The Act seeks to establish the Public Debt Management Office on a statutory basis and provide for its functions and administration.
 
Meanwhile, the Office of the President and cabinet will monitor board members and senior executives at parastatals and State enterprises and will examine their assets and business interests to ensure good corporate governance.

Permanent secretaries will no longer sit on public boards, while directors who fail to declare assets will face prosecution.  

Further, chief executives who fail to deliver under set performance standards will also face punitive action.