Zim growth constrained by lack of finance

MDC-T senior official Tapiwa Mashakada  has said Zimbabwean growth is constrained by among other things the lack of finance capital and investment.

He said an MDC government will launch Eurobonds and target to raise in excess of $3billion dollars.

"We intend to raise syndicated loans and approach JP Morgan to float the bond on the American market, Barclays to cater for the European market and Stanbic to cover African capital markets. We will bring in rating agencies such as Moodys to assess our risk and rate us. With a new MDC government  the sovereign risk will be minimized by the confidence measures that we will implement such as rule of law, respect for property rights, political rights and human rights," he said.

"We will follow the constitution and pay compensation. We will review the toxic indigenization law and attract $2billion during the first year of our government. Fiscal incentives will be given to the diaspora in order for them to invest. Zimbabwe will be open for business as we will address all the ease of doing business rankings ie the World bank ease of doing business, the World Economic Forum Competitiveness Index, the Mo Ibrahim index on governance etc. With Zanu PF these reforms are not possible. Vote MDC-T. Vote for economic prosperity."