LIVE BLOG: 2020 Monetary Policy Statement

According to NewzWire:

Mangudya says the RBZ has validated a total of US$1.2bn debt owed to foreign suppliers such as airlines and grain suppliers. About US$861m has been struck off for lack of supporting documentation and ‘double dipping.’ Repayment of this foreign debt will be spread out.

The RBZ governor says we are importing almost everything from Potatoes and carrots and maize and cooking oil. He said they are advocating for an Import Substitution Scheme.

Mangudya We are importing almost everything from maize to carrots #OpenParlyZw pic.twitter.com/4Zfe9ijpHj

— Open Parly ZW (@OpenParlyZw) February 17, 2020