"Ongoing Structural & Fiscal Reforms Could Resolve Zimbabwe's Economic Weaknesses," US Govt
The United States government has said that Zimbabwe’s Transitional Stabilisation Programme (TSP) has the potential to transform the country’s economy if they are fully implemented.
The TSP is a brainchild of the Finance Minister, Professor Mthuli Ncube aimed at transforming Zimbabwe into a middle-income class by the year 2030.
In its 2019 assessment of the investment climate in Zimbabwe, the US State Department noted positive steps taken by the government.
The US government, however, expressed scepticism over the slow pace at which the reforms are being implemented. It also frowned upon corruption reported to be rampant in the country.
Part of the US State Department’s July 11 executive summary of the 2019 investment climate statement on Zimbabwe read:
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The Transitional Stabilisation Programme, announced in 2018, includes structural and fiscal reforms that, if fully implemented, would resolve many of the economy’s fundamental weaknesses.
It added that investors were sceptical and a bit hesitant to commit to Zimbabwe due to the slow pace at which the reforms are being implemented. The executive summary further reads:
The Government announced its commitment to improving transparency, streamlining business regulations, and removing corruption, but the last two years have brought only modest progress.
More: The Herald