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International engagement continues ….…as President Mnangagwa heads for Davos

Ransom Mandhlazi

WITH President Mnangagwa continue to pull Zimbabwe out of isolations, Zimbabwe stock continue to rise, the country will next year participate at the global World Economic Forum summit in Davos, Switzerland, following an invitation by the executive chairman, Professor Klaus Martin Schwab.

President Mnangagwa led the Zimbabwe delegations to the recently held World Economic Forum in Cape Town, South Africa as the country continue to pull out of isolations as the country efforts of economic revival continues.

According Presidential spokesman and Deputy Chief Secretary (Presidential Communications) in the Office of the President and Cabinet Mr George Charamba said Mr Charamba said Prof Schwab was particularly impressed when he learned that Zimbabwe now enjoys a national budget surplus, saying it was “a key piece of information that he (President Mnangagwa) must deliver to the investment community”.

Zimbabwe has undertaken widespread economic reforms that broadly seek to rein in the twin deficits; fiscal and current account deficits.

The country also wants to contain excessive and destabilising runaway Government expenditure, improve the investment climate, enhance ease of doing business, deepen re-engagements with western countries and global multilateral and bilateral partners, clearing burdensome external debts and restoring key and proper economic fundamentals.

Government has also embarked on parastatal and State-owned Enterprises reforms, repealing of investment and business laws that discourage investments, harmonisation of key pieces of legislation with the constitution, establishment of a central investment authority and crafting of sector-specific economic policies that promote sustainable growth and investment.