MDC says monetary policy and fiscal measures are a toxic concoction

1. Central Bank reform including auditing of its assets and liabilities.
2. Export promotion, narrowing the current account and rationalising the capital account. Accelerate “ease of doing business” reforms and promote policy coherence and consistency.
3. Commencement of urgent debt resolution and re-engagement processes.

xii.  Plugging the loopholes in the commodity sectors by, inter alia, enacting of a new Diamond law and a new Minerals and Mining Act, immediately subscribing to the Extractive Industry Transparency Initiative (EITI) and consolidating Zimbabwe’s position in the Kimberly Process Certification Scheme.

xiii. Bolstering social protection and immediate rehabilitation of all social infrastructure including health, education, people living with disabilities, vulnerable communities, women and children.

xiv.  Taking measures to protect private property rights including strengthening and executing BIPPAs, re-joining Multilateral Investment Guarantee Agency (MIGA) and provision of title to occupiers of land. The review and revisiting of investment agreements, mining grants and any disposals of Zimbabwe’s assets.

1. Convening the second Zimbabwe Conference on Reconstruction and Development. Given the huge development trap that Zimbabwe finds itself in, the MDC Alliance government will within its first year organize a conference on reconstruction and new development.

These are the measures that will arrest ballooning deficits which are being funded through toxic means creating both a cash shortage and crowding out the private sector.

These measures will also increase productivity while expanding the tax base without overburdening the working masses of Zimbabwe.

The MDC will deliver a full response to both the fiscal measures and the monetary policy offering tangible solutions including currency reforms in line with our SMART document.

Jacob Mafume

MDC National Spokesperson

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