ED inspires confidence at ZEDCON 2023
Nqobile Bhebhe in Victoria Falls
PRESIDENT Mnangagwa’s presence at the Zimbabwe Economic Development Conference (ZEDCON) 2023 gives confidence in the economic growth trajectory as it shows that views expressed during the conference are taken seriously, Finance, Economic Development and Investment Promotion permanent secretary Mr George Guvamatanga has said.
Mr Guvamatanga said the general consensus from stakeholders is that the country should explore domestic financing in view of sanctions.
Government should also consider investments in green bonds, he added.
Stakeholders identified inflation and exchange rate instability as it might affect economic growth.
Instability is encouraged by money supply growth hence the need to curb money supply growth.
Mr Guvamatanga said stakeholders recommended high usage of local currency and a clear currency reform road map.
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