British ambassador, Catriona Laing, has advised President Robert Mugabe to intensify his government’s re-engagement process with the west for the current economic challenges the Southern African country is facing to end.
Zimbabwe has been hit by cash shortages which have seen thousands of people sleeping in bank queues to access their salaries.
The situation has forced government to introduce the so called Bond Notes to address the cash crisis, but the business community as well as economists say the introduction of the same would create shortages of goods and services.
President Robert Mugabe on Thursday, told his Politburo meeting that the introduction of Bond Notes was going to solve the cash shortages the country is experiencing.
The veteran leader also described the rejected currency as “the only cure,” suggesting that only a Zim dollar return would fix the ailing economy.
Mugabe said the cash crisis is “temporary” and that government will press on with the introduction of bond notes, which he called a “surrogate currency,” despite opposition from the market.
Addressing government officials, the diplomats and invited guests who were gathered for the Queen Elizabeth II’s 90th birthday celebrations, in Harare Thursday, British ambassador to Zimbabwe, Catriona Laing, said Zimbabwe’s EU re-engagement process was the only solution to the country’s economic woes.
“We do encourage the government to accelerate the process of re-engagement with the international community as part of tackling the fundamental economic challenges.
“We will do as UK what we can to stimulate the economy,” she said.
“On behalf of the United Kingdom I want to assure Zimbabweans that we are here to support this re-engagement process very actively,” said Ambassador Laing.
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wataura iwe!!
Zimbabwe should speed up the process of reengaging the west as this will bring massive benefits of resuscitating the economy.Britain has promised to do all it can to help in the re engagement process and thereafter reviving the economy.It has the capability I have no doubt. This means reviving industry, increasing employment,increasing production of goods for both domestic and foreign consumption resulting in increasing exports and increasing our foreign reserves ending the cash crisis. Ending shortage of goods and electricity. Increasing supply of drugs and equipment in our hospitals. Increasing provision of purified water. Improving our roads and infrastructure. Increasing our GDP. Increasing value addition on our products there bye tremendously increasing our profitability. Increasing technology transfer resulting in quicker and more efficient means of production using lean manufacturing and reducing wastage. Its a win win situation. So much is going on in the world. Just this week the wold bank downgraded its predicted global growth forecast from the January forecast of 2.9% to 2.4%. Check my figures because I am writing from my head by going to their website. There is a vote on the 23rd of this month by the UK citizens on whether to remain in the EU or to be Out , Whatever the result there are huge benefits for Zimbabwe. Although not a condition for reengaging the west consider seriously rejoining the Common Wealthy this is as I see it . All the best Zimbabweans, you can be the greatest, you have all it takes and its easy to do and where there is a will there is a way.
Zimbabwe should speed up the process of reengaging the west as this will bring massive benefits of resuscitating the economy.Britain has promised to do all it can to help in the re engagement process and thereafter reviving the economy.It has the capability I have no doubt. This means reviving industry, increasing employment,increasing production of goods for both domestic and foreign consumption resulting in increasing exports and increasing our foreign reserves ending the cash crisis. Ending shortage of goods and electricity. Increasing supply of drugs and equipment in our hospitals. Increasing provision of purified water. Improving our roads and infrastructure. Increasing our GDP. Increasing value addition on our products there bye tremendously increasing our profitability. Increasing technology transfer resulting in quicker and more efficient means of production using lean manufacturing and reducing wastage. Its a win win situation. So much is going on in the world. Just this week the wold bank downgraded its predicted global growth forecast from the January forecast of 2.9% to 2.4%. Check my figures because I am writing from my head by going to their website. There is a vote on the 23rd of this month by the UK citizens on whether to remain in the EU or to be Out , Whatever the result there are huge benefits for Zimbabwe. Although not a condition for reengaging the west consider seriously rejoining the Common Wealthy this is as I see it . All the best Zimbabweans, you can be the greatest, you have all it takes and its easy to do and where there is a will there is a way.