The government says it is availing funds for manufacturers of basic commodities and pharmaceutical drugs to ensure the availability of essential commodities at old prices.
Today’s cabinet sitting saw the executive giving due attention to issues afflicting the economy and providing clarity on foreign currency accounts.
The Minister of Information, Publicity and Broadcasting Services, Cde Monica Mutsvangwa briefed journalists on cabinet resolutions which focused on key issues such as the availability of fuel, basic commodities and medical drugs which she said the government has availed funds to provide necessary interventions to restore normalcy.
The Minister of Health and Child Care, Dr Obadiah Moyo further confirmed that they have received $6.7 million which has been disbursed to several pharmaceutical manufacturing players.
Also on the briefing table was the Minister of Industry and Commerce, Cde Nqobizitha Mangaliso Ndlovu who advised that they have met with several manufacturers to iron out challenges towards achieving an increase in foreign currency allocation and adopting a monitoring strategy on production of goods and services.
The Minister of Finance and Economic Development, Professor Mthuli Ncube revealed the Transitional Stabilisation Programme received overwhelming support from the 2018 IMF – World Bank annual meeting recently held in Bali, Indonesia as part of the road map to Zimbabwe’s debt arrears clearance.
Cabinet also updated the nation on progress being recorded in quick win projects for mining, revealing and that the $100 million ZCDC conglomerate plant is due for commissioning anytime.