Zimbabwe fires entire revenue board

Effectiveness and Efficiency in Revenue Collection

38. In order to enhance governance at ZIMRA, I hereby terminate the term of the current Board with immediate effect. I have proposed names of new Board members which are currently being cleared.

39. The new Board will be announced in due course. In the meantime, ZIMRA senior management will be reporting directly to Treasury. I take this opportunity to thank the outgoing Board members for the services rendered. ZIMRA senior management is hereby directed to cease all recruitment of new personnel within ZIMRA until a new Board is in place. This is to allow the new board to have input into critical appointments.
40. Going forward, systems of ZIMRA will be upgraded and enhanced in order to improve efficiency in revenue collection, especially at border posts. Mechanisms will be put in place to eradicate any corrupt activities.

International Financial Institutions and Partners

41. In pursuing international reengagement and in benchmarking performance, Treasury will accelerate cooperation with international financial institutions and bilateral partners, and other international organisations, some of the organisations will help the country in enhandng its capacity in enacting economic reforms.

Conclusion

42. Colleagues thank you. You have listened to the monetary measures presented by the Governor and the fiscal measures I have just presented, all aimed at stabilising our economy. This is the beginning of our reforms in fine with the Vision 2030 pronounced by His Excellency, the President, which seek to usher Zimbabwe into an upper-middle class economy by 2030.

(495 VIEWS)