Zim Asset- Funding and debt management

The Zimbabwe African National Union- Patriotic Front has been peddling the Zimbabwe Agenda for Sustainable Socio-Economic Transformation (Zim Asset)- its economic blue print for 2013-2018- as the answer to the country’s economic woes. What is it?

The document is now available so The Insider has decided to serialise it. The Insider welcomes comments on the document. You can do this either through our comment section at the end of each story or, better still, through our Open Forum.

It is time that Zimbabweans started debating issues instead of suffering in silence and whining all the time. While most people have given up because they think our leaders do not listen- they do. I know because they have been watching The Insider for the past 23 years.

Here is the sixth chapter.

Chapter 6- Funding and debt management

6.1 The Government will mobilise funding from domestic resources, which are in abundance and readily available for full exploitation and utilisation. The creation of a Sovereign Wealth Fund will be given priority under this Plan to backstop and provide predictability and sustainability to Government innovative funding. Additionally, Government will continue to collaborate with all the development partners that have been rendering technical and financial assistance to different sectors of the economy, as well as pursuing investment vehicles such as Public Private Partnerships (PPPs), particularly in the proposed Special Economic Zones.

6.2 Going forward, Government will also undertake a number of fiscal reform measures in order to improve fiscal policy management and financial sector stability. There will also be need to accelerate the progress which the country has registered in the re-engagement process with the International Financial Institutions (IFIs) and creditors. This will be done through the policy thrusts that Government has finalized with these institutions under the auspices of the Cabinet approved Zimbabwe Accelerated Arrears Clearance, Debt and Development Strategy (ZAADS) and the Zimbabwe Accelerated Re-engagement Economic Programme (ZAREP).

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