THE CONFEDERATION of Zimbabwe Industries (CZI) will today hold a public-private dialogue in Bulawayo on the Zimbabwe Agenda for Sustainable Socio-Economic Transformation (ZimAsset) to come up with an implementation and monitoring strategy for the policy.
GAMMA MUDARIKIRI OWN CORRESPONDENT
CZI said the all stakeholder dialogue is expected to be attended by government officials, captains of industry and civil society groups in Matabeleland and Midlands also to establish the level of congruency between ZimAsset and the expectations of the private sector.
“The objective of the seminar is to engage in public private dialogue on the current policy instruments and agree on jointly monitoring policy implementation and policy impact throughout the policy implementation period specifically focusing on the ZimAsset,” CZI said.
ZimAsset is the government’s new macro-economic policy that will guide economic development programmes over the next five years.
The government needs to raise in excess of $27 billion to fund projects outlined in the ZimAsset expected to turnaround the economy, which is currently in a tailspin.
However, the government has been struggling to attract the required funding largely due to policy inconsistences in the country.
As a result the economy continues on a decline although government is expecting it to grow by 6,4% this year.
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But the World Bank last year projected that the economy will grow by 4% as the industry is in the doldrums after capacity utilisation plunged to 39,6% last year from 44% in 2012 owing to the prevalent hash economic conditions.
Companies are battling with shortage of working capital, erratic power supplies, which saw close to 100 businesses in Bulawayo only shutting down.
