Africa News Zimbabwe's Finance Minister Discuss Reform Agenda

Zimbabwe's Finance Minister Discuss Reform Agenda

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March 4, 2019

On Monday, March 4, the Atlantic Council's Africa Center hosted a HE Dr. Mthuli Ncube , Minister of Finance and Economic Development of the Republic of Zimbabwe.

Focusing on Zimbabwe's Short-term Stabilization Plan, Ncube presented the progress made on key economic recessions President Emmerson Mnangagwa in September 2018. In particular, he highlighted efforts to impose fiscal discipline on the government, which he It has been reduced to a deficit of 11 percent in 2018. It has also been reviewed by the United States, which has been previously pegged one-to-one with the US dollar. Ncube asserted that it would increase inflation, it would be reduced to that amount.

Ncube also outlined President Mnangagwa's vision for political reforms in Zimbabwe, including the repeal of controversial legislation and the Access to Information and Protection of Privacy Act, which restricts the freedom of the press. Ncube also discussed efforts to streamline regulations for foreign investment; the 2000-2004 Fast-Track Land Reform Program; and his hope that Mnangagwa's ambitious reform agenda could lead to the repeal of ZIDERA legislation by the US Congress, which has restricted Zimbabwe's access to international credit.

For discussion, moderated by Ms. Bronwyn Bruton , Director of Programs and Studies and Deputy Director of the Atlantic Council's Africa Center, followed by Ncube's remarks. Participants focused on the negative effects of recent reforms on average Zimbabwe, potential new areas for investment in Zimbabwe, and the government's efforts to clear their arrears with international finance institutions such as the World Bank and International Monetary Fund.

Those in attendance and participating in the discussion included LTG William Ward , USA (Ret.), Trained commander of US Africa Command; Amb. John Campbell , to form US Ambassador to Nigeria; and a number of US and non-US government officials and business leaders.

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