An adviser to government on the ease-of-doing business, Ashok Chakravarti, called for an investigation into the externalisation of funds, as it had emerged that US$5 billion could have been siphoned out of the country since dollarisation in 2009.
Prosper Ndlovu, Business Editor FINANCE and Economic Development Minister, Professor Mthuli Ncube, has appointed a nine-member Monetary Policy Committee that will render an advisory role to the Reserve Bank of Zimbabwe (RBZ). The move is in keeping with global trends where monetary policy committees assist governments in stabilising the economy through devolved decision making in areas …
The MPC members include Kumbirai Katsande, a former managing director of Nestle SA’s Zimbabwean unit, and Douglas Munatsi, the former chief executive officer of ABC Holdings, which owns lender BancABC. Also included are Eddie Cross, a former opposition politician, and Ashok Chakravarti, an economics professor at the University of Zimbabwe.
Economist, Professor Ashok Chakravarti says the need to licence more bureaux de change institutions will also create a platform for more foreign currency to be channelled in the formal systems for the benefit of the economy and strategic sectors
PROMINENT economist and former Government advisor, Professor Ashok Chakravarti, says efforts should now be redirected at stabilising the exchange rate to protect the value of the Zimbabwean dollar and stimulate production.
THE sanctions imposed on Zimbabwe by the West and its allies continue to frustrate the country’s efforts to achieve meaningful investment due to negative destination perception, prominent economist and former Government advisor, Professor Ashok Chakravarti, has said.