Wednesday 10 October 2018

*Zim Makes⏫ Progress on Arrears💰 Clearance Road🛣 Map*

Global financiers have expressed optimism about Zimbabwe’s recently launched Transitional Stabilisation Programme, which is aimed at instituting critical economic reforms.

This comes as Finance and Economic Development Minister Mthuli Ncube today met with heads of several global financial institutions in Bali, Indonesia as Zimbabwe expedites re-engagement with co-operating partners on the arrears clearance road map.

The meeting was chaired by the World Bank Group and was attended by the all three International Financial Institutions (IFIs), the African Development Bank, the International Monetary Fund and the World Bank Group, Paris Club Group of creditors as represented by the French, the European Union, and other key bilateral partners such as the United Kingdom, United States of America, Australia, Netherlands, South Africa, among others.

“In the ensuing discussions, the Minister of Finance and Economic Development Professor Mthuli Ncube made a presentation on policy reforms being undertaken by the New Dispensation, focusing on Vision 2030, as enunciated by His Excellency, the President and the Transitional Stabilisation Programme (TSP), which is the policy implementation programme of Vision 2030.

“The Minister’s presentation centred on political and economic reforms being undertaken by Government, especially fiscal consolidation, state enterprises reforms, monetary sector reforms and a road map on arrears clearance,” said Treasury in an update.

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