Zimbabwe`s Finance Minister Patrick Chinamasa Recently, there have been amplified calls by government authorities in appealing for Foreign Direct Investment. The importance of foreign investment cannot be over-emphasised, especially for an economy at a precipice like ours. In Mozambique for instance, during the past year, the country registered a 30 percent increase in its FDI flows to $7, 1 billion. It is no coincidence that the International Monetary Fund forecasts its economy to grow by as much as 8 percent this year alone, making it one of the leading ‘frontier market’ economies. What is clear from this example is the crucial role that capital accumulation can play in fuelling economic growth. The Zimbabwean government`s economic blueprint (ZimAsset) which is a set of policies meant to induce economic recovery requires at least US$27 billion for its successful implementation. In the policy document, the government emphasises on mobilising funding for the programme ...
Economics, Business and Finance