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Mid -Term Fiscal Policy Review Statement
Tuesday, 13 July 2010 15:17
STATEMENT BY THE ZANU PF SECRETARY FOR INFORMATION AND PUBLICITY CDE R.E.N. GUMBO ON THE EVE OF FINANCE MINISTER BITI'S MID - TERM FISCAL POLICY REVIEW STATEMENT

When Finance Minister Tendai Biti presents his Mid-Term Fiscal Policy Review Statement tomorrow, he should do so with full knowledge that no donor funding is forthcoming.  In his 2010 National Budget he proposed a vote of credit to the tune of US$810 which he expected to receive from the donor community. Of this amount only US$2, 9 million or 0, 36%, a paltry amount, was made available by the donors.As ZANU PF we have always  maintained that the solution to end our economic woes and checkmating the illegal sanctions lie in the full exploitation of our natural resources, including the Chiadzwa diamonds.


We have always said that the Chiadzwa diamonds are a strategic national asset and one of the achievements of our national land reclamation programme.  We therefore expect Finance Minister Biti to make the right pronouncements in his Mid-Term Fiscal Policy Review Statement.

In refocusing the economy back to the path of recovery, the Minister should start by publicly acknowledging the effects of sanctions and call upon the Kimberly Process Certification Scheme (KPSC) to allow Zimbabwe to sell its Chiadzwa diamonds.

The KPSC monitor, Mr Abbey Chikane, stated in his report that Zimbabwe met the organization's minimum requirements for it to sell its stockpiles of diamonds.  Just yesterday, the President of the International Diamond Manufacturers, Mr Moti Ganzi, told the 34th World Diamond Congress in Moscow, Russia,. that the diamond world should respect Mr Chikane's report and allow Zimbabwe to sell its diamonds on the
international market for the benefit of its people.

Minister Biti can no longer afford to  dither or equivocate about the illegal sanctions and efforts by the US, Canada and Australia to deny us the opportunity to sell our diamonds.  The proceeds from the sale of diamonds should go a long way inreviving the economy.

13 July 2010  
 

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