Vice-President Kembo Mohadi says the country’s economy is on the verge of recovery as Government has stepped up its re-engagement efforts in line with its economic trajectory of transforming Zimbabwe into an upper middle income economy by 2030.
In an interview yesterday, VP Mohadi said the austerity measures, which Zimbabweans were undergoing, were part of a painful reform process to achieve transformation and modernisation of the economy.
He said last week’s meeting between the Government and the European Union (EU) ambassadors in Harare marked the beginning of a formal dialogue process for re-engagement which seeks to reintegrate Zimbabwe into the global family of nations.
The meeting was based on Article 8 of the Cotonou Partnership Agreement which governs relations between member states of the African-Caribbean-Pacific regions and the EU.
“These are temporary austerity measures and soon it will come to pass and the economy will soon stabilise as long as we are getting foreign investors trooping into the country. Last week, we had a historic meeting with EU ambassadors in Harare, something which was never heard of before. It took 20 years to destroy this economy and it will take a few years to get it back on track,” VP Mohadi said.
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