The Reserve Bank of Zimbabwe (RBZ) has been urged to reveal the amount of externalised funds which have been recovered since President Emmerson Mnangagwa issued a 3-month moratorium. The call was made by the Zimbabwe Coalition on Debt and Development (ZIMCODD). Said ZIMCODD
The compliance of corporate and individuals to the Policy Note on Presidential Amnesty on externalized funds and assets as reported in the Monetary Policy Statement is indeed welcome.
However, to ensure transparency and accountability, the RBZ should publicize the total amount of funds and assets recovered while indicating how the recovered money is being utilized or going to be utilized to resuscitate the economy.
..ZIMCODD continues to call for an official debt audit both domestic and external to establish the legitimacy of debts owed by Zimbabwe.
Mangudya promised to reveal the full figures after the 3-months moratorium is over.
Emmerson Dambudzo Mnangagwa is a politician and the First Secretary of the Zimbabwe African National Union Patriotic Front (Zanu- PF). He is the President elect of Zimbabwe. On 3 August 2018 ZEC Chairperson Priscilla Chigumba announced that Mnangagwa had won the popular vote by 50.8%... Read More About Emmerson Mnangagwa
The Reserve Bank of Zimbabwe (RBZ) is the central bank of Zimbabwe. Its offices are located at number 80 Samora Machel Avenue in Harare. The Reserve Bank of Zimbabwe operates under the Reserve Bank of Zimbabwe Act, Chapter 22: 15 of 1964. The Act provides... Read More About Reserve Bank of Zimbabwe