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Mnangagwa calls for investor friendly policies

by Staff reporter
11 Nov 2015 at 19:41hrs | Views

The government has called for increased interface between scholars and policy makers in coming up with policies that are investor friendly for the realisation of robust economic growth rates.

The remarks were made by Vice President Emmerson Mnangagwa while officially opening a high level international conference on inclusive growth, investment and poverty eradication in Harare this Tuesday.

Government has reaffirmed its commitment to transform the country into a preferred capital destination as well as foster inclusive growth and poverty eradication.

Vice President Mnangagwa says prospects for the country's economy are looking bright amid indications that international financial institutions may soon resume lending to Zimbabwe following recent debt resolutions engagement with creditors.

Mnangagwa says the country is also intensifying efforts to attract both domestic and foreign direct investments and the bill for the establishment of Special Economic Zones will be finalised this month.

"The provision of a policy framework establishing Special Economic Zones is being finalised; progressively providing the ease of doing business framework and the LIMA debt strategy which may see the resumption of lending by the international financial institutions," said Mnangagwa.

Macro-Economic Planning and Investment Promotion Minister Dr Obert Mpofu acknowledges that while innovative approaches, especially in social sectors, have been successful, like most developing countries, Zimbabwe does not have adequate domestic capital to bring about inclusive growth.

The Office of the President and Cabinet has also adopted various strategies to improve the investment climate in the country.

The two-day high level symposium was organised by the Ministry of Macro-Economic Planning and Investment Promotion in conjunction with the African Development Bank.

It is being attended by policy makers, the academia, captains of industry, development partners, researchers and civil society organisations.

Source - zbc
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