By A Correspondent- Zimbabwe’s economy requires permanent transformation strategies not stopgap measures meant to hoodwink citizens, MDC Alliance leader President Nelson Chamisa has said.
The economy is fragile as a result of poor government policies, according to President Chamisa.
He also presented the MDC Alliance economic recovery plan.
See statement below:
The economic ‘stability’ is fragile stability and is not going to last! The 2 giant elephants in the room are exchange rate disparities between the formal rate & black markets which are far apart by 100% (the black market rate is 2x the official rate) and corruption.
We will have a rapid accelerated transformation and a boom in the economy that would make Zimbabwe shine great & more importantly create gainful employment opportunities for all the people,raising the standard of living for the hardworking Zimbabwean people.
Our New Government will institute a market-sensitive, people- centered & development-oriented sound economic policies which are predictable,consistent, investor friendly & business boosting thus fostering an enabling business environment which guarantees return on investments
The exchange rate disparities and the punitive export retention negatively affect exporters – the goose which lays the golden eggs.This has created arbitrage opportunities and unofficial forex trading which will worsen the disparities, total collapse of the auction system.