By A Correspondent- VICE President Kembo Mohadi has said the country’s economy is on the verge of recovery as the Government has stepped up its re-engagement efforts in line with its economic trajectory of transforming Zimbabwe into an upper middle income nation by 2030.

In an interview recently, VP Mohadi said the austerity measures, which Zimbabweans were undergoing, were part of a painful reform process to achieve transformation and modernisation of the economy.

He said last week’s meeting between the Government and the European Union (EU) ambassadors in Harare marked the beginning of a formal dialogue process for re-engagement which seeks to reintegrate Zimbabwe into the global family of nations.

The meeting was based on Article 8 of the Cotonou Partnership Agreement which governs relations between member states of the African-Caribbean-Pacific regions and the EU.

“These are temporary austerity measures and soon it will come to pass and the economy will soon stabilise as long as we are getting foreign investors trooping into the country. 

“Last week we had a historic meeting with EU ambassadors in Harare, something which was never heard of before. It took 20 years to destroy this economy and it will take a few years to get it back on track,” VP Mohadi said. 

VP Mohadi said the raft of measures that Government had adopted had seen the economy showing signs of improvement, with growth forecasts revised upwards. 

He said Zimbabwe is seeking partners in the global community to help its upward leap and urged the generality of Zimbabweans to be patient with the economy. 

Mohadi said the Government was working on measures to fight corruption including cartels and monopolies, which have been blamed for arbitrary price hikes and distortions in the market.-StateMedia