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Zimbabwe president backs proposed roadmap to economic recovery
Zimbabwe President Robert Mugabe has expressed support for the Reserve Bank of Zimbabwe (RBZ)'s proposed roadmap to economic recovery, local newspapers reported on Friday. The plan involves the removal of price distortions, implementation of a social contract and a price and wage freeze. Mugabe was quoted by the official The Herald newspaper as saying that the government would implement proposals by RBZ Governor Gideon Gono. The endorsement by the president is expected to spur the implementation of the year-long program which should result in a fall in inflation. Mugabe said also of concern to the government was the need to focus more on infrastructural development such as the building of dams and roads. Posted by: Fred 2007-02-17 |
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