The economic reforms underway continue to yield positive results with the current account registering a surplus of close to US$200 million in the first quarter of 2019, the first time it has been achieved since the adoption of the multi-currency regime in 2009.
Import management measures under implementation which prioritise capital and production inputs as opposed to non-essential finished goods, have had a positive impact on the current account which has registered a significant surplus of US$196 million in the first quarter of the year.
Economic analyst Mr Batanai Matsika believes more can be achieved if Zimbabwe can turn its potential productive capacity to high productivity for sustainable economic development.
“It’s encouraging for Zimbabwe to register a positive current account balance and more could be achieved through high production levels,” Economic Analyst, Mr Batanai Matsika said.
These macro-economic gains are being buttressed by the International Monetary Fund Staff Monitored Programme to assist Zimbabwe implement key reforms as outlined in the Transitional Stabilisation Programme.