Sundaymail Editor
Online Reporter
The stable policy environment that has been nurtured by fiscal and monetary authorities is conducive for business to thrive, local grain millers have said.
In the recent Mid-Term Fiscal Policy Review, Finance and Economic Development Minister Prof Mthuli Ncube opted to continue with policies and targets set at the beginning of the year through the 2021 Budget.
In a statement Wednesday, Grain Millers Association of Zimbabwe (GMAZ) said the fiscal and monetary policies were particularly complementary.
“We note with satisfaction that there is complementarity by the two statements towards consolidating and sustaining price and exchange rate stability. The two policies expose the Government’s continued strenuous efforts in maintaining fiscal discipline and tight monetary conditions towards achieving macroeconomic stability,” GMAZ chairperson Mr Tafadzwa Musarara said.
“The expected 7,8 percent GDP (gross domestic product) growth in 2021 against the economic headwinds fermented by negative Covid-19 economic impact attests to a buoyant economy manifesting.
“The positive comments and acknowledgements by the International Monetary Fund and World Bank on the country’s key economic indicators testifies to prudent economic practices by the Harare Administration.”
GMAZ said its expecting a significant winter wheat crop, which will buttress the current satisfactory local supplies and price stability in the meat, dairy and related industries.
Online Reporter