Minister of Finance and Economic Development, Mthuli Ncube will be speaking at Chatham House in the United Kingdom on Monday the 8th of October (today). Ncube will outline his plans for Zimbabwe’s economic revival at a time when Zimbabweans are crying about the 2 percent tax on money transfers which the minister imposed last week. The ripple effects of the announcement together with the Reserve Bank of Zimbabwe (RBZ) governor John Mangudya’s monetary policy are still being felt as prices of essentials have gone up and the rates for foreign currency on the black market continue to skyrocket.
Ncube becomes the third high profile Zimbabwean to speak at Chatham House this year after MDC Alliance leader Nelson Chamisa and Minister of Foreign Affairs and International Trade Lieutenant-General (retired) Sibusiso Busi Moyo gave presentations in May and April respectively.
An overview on Chatham House’s website reads,
Zimbabwe’s economy is under strain. Liquidity shortages, renewed worries of inflation and diminishing delivery on social programmes are putting citizens under pressure and testing resilience. The post-election government has multiple policy priorities including tackling debt, reducing the government’s wage bill and reviving international investment. The agriculture and mining sectors have shown growth but to translate this into economic transformation will require balancing the need of public spending and currency reform with demands for short-term stability.
At this meeting, Professor Mthuli Ncube will outline his ministry’s priorities for delivering economic reform and recovery in Zimbabwe.
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John Panonetsa Mangudya is an economist and the current Reserve Bank of Zimbabwe governor. Mangudya, who sits on many local and international boards .He was made RBZ governor after the expiry of Gideon Gono's term in 2014. He had been CBZ Holdings Ltd Chief Executive... Read More About John Mangudya
Professor Mthuli Ncube is the Minister of Finance and Economic Development.He was the Chief Economist and Vice President of the African Development Bank ,financial, economics, investment, and public policy expert, entrepreneur and academic. Professor Ncube divides his time between the private sector in Switzerland and... Read More About Mthuli Ncube