HomePoliticsSound policies needed in Zim'

Sound policies needed in Zim’

Itai Mushekwe

ZIMBABWE can only fight the poverty stalking her people by coming up with broad-based economic policies that will stabilise the economy to create a better

life for all, Swedish Ambassador to Zimbabwe, Sten Rylander, has said.

Rylander made the remarks on Wednesday during a signing ceremony for a SEK$3 million (approximately US$412 000) grant to the Macroeconomic and Financial Management Institute of Eastern and Southern Africa (MEFMI) for its capacity building projects in Zimbabwe and 12 other countries.

Rylander said President Robert Mugabe’s government should take a cue from Tanzania whose economy was in a tailspin a decade ago, but had since become a successful model for many African nations due to sweeping poverty reduction reforms.

“Without a good macroeconomic framework,” Rylander said, “you will never succeed in economic management and be able to fight poverty. That is why some of us are praying for Zimbabwe to build bridges with the international community.”

He said it was not easy for regional oganisations such as MEFMI to continue operating in Zimbabwe under the current hyperinflationary environment.

He said learning through active networking was almost always a very powerful instrument.

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