Zimbabwe Economic Review & National Competitiveness Conference

2017 Theme: “Managing Risks, Fostering Sustainable & Inclusive Growth”

The global economy is undergoing major transformations, including a productivity slowdown, technological change, and global economic integration. This creates new demands for public policies to facilitate these transformations, while cushioning the effect on those negatively affected. Fiscal policy has a greater role to play in fostering sustainable and inclusive growth and smoothing the economic cycle. At the same time, the high degree of uncertainty surrounding the outlook as well as stretched government balance sheets require a better understanding and management of risks. Fiscal policy therefore has the difficult task of achieving more and better in a more constrained environment.

Sub-Saharan Africa remains a region with tremendous potential for growth in the medium term, but with limited support expected from the external environment, strong and sound domestic policy measures are urgently needed to reap this potential. Growth in Sub-Saharan Africa is recovering, supported by modestly rising commodity prices, strengthening external demand, and the end of drought in several countries. Can the Zimbabwean economic growth forecasts of up to 2.6 percent in 2017 and to 3.2 percent in 2018, predicated on moderately rising commodity prices and reforms to tackle macroeconomic imbalances. Will these forecasts be sufficient to contain poverty reduction goals? What is the impact of Zimbabwe’s major trading partner, South Africa sovereign-debt ratings downgrade on the balance of trade with Zimbabwe.

The Informal economy is a key component of Zimbabwe, presenting both opportunities and challenges for policymakers by contributing between 25 and 65 percent of GDP while accounting for between 30 and 90 percent of total non-agricultural employment. Fiscal policy has recently gained prominence, both in public debate and in governments’ policy. As a reassessment of fiscal policy is taking place, stressing its greater role in fostering sustainable and inclusive growth as well as the need to contain debt accumulation and rebuild policy buffers.

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Conference Speakers

GUEST OF HONOUR, MINISTER OF POLICY CO-ORDINATION, & PROMOTION OF SOCIO ECONOMIC VENTURES IN THE OFFICE OF THE PRESIDENT...

DR KUPIKILE MLAMBO is the Deputy Governor of the Reserve Bank of Zimbabwe appointed in July 2012. He is in charge of economic research, policy and finance. As Deputy Governor, he is also a member of the RBZ Board of Directors. Dr Mlambo joined the......

CHRISTIAN BEDDIES is currently the IMF representative to Zimbabwe and a national of Germany. He joined the International Monetary Fund (IMF) in 1998 and is currently the IMF Resident Representative in Zimbabwe. He was previously Deputy Division Chief in the Middle East and Central Asia......

MARTIN MAKAYA is the currently President of the Institute of Chartered Accountants of Zimbabwe and Partner at BDO Zimbabwe. Martin is a Chartered Accountant, with extensive working experience in the Sub Saharan markets. He is a specialist in Auditing with focus on Mining, Insurance, Pension......

RICHARD MBAIWA is currently Chief Executive Officer at Zimbabwe Investment Authority and an ex-officio member of the Board of Directors. He joined the then Zimbabwe Investment Centre in 1994 as an Investment Promotion Officer and rose through the ranks until he was appointed as the......

NYASHA MUCHICHWA is an Economist – Researcher with the Labour and Economic Development Research Institute of Zimbabwe (LEDRIZ). He specializes in Employment, Youth Development, Collective Bargaining and the informal economy. He is a member of the Collective Bargaining Support for Africa Initiative. Nyasha has undertaken......

OSWELL BINHA is the Vice Chairman of Buy Zimbabwe Trust and Past President of the Zimbabwe National Chamber of Commerce (ZNCC). He sits on several boards focusing on Agriculture, Engineering, Mining and Hospitality. Oswell is the Chief Executive Officer of Orac Systems. He has served......

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