Zimbabwe $18 billion stimulus fund implementation on course: Prof. Ncube

Prof. Mthuli Ncube

THE GOVERNMENT says the implementation of the 18 billion Zimbabwe dollar stimulus fund is on course, with preserving people’s livelihoods being prioritised.

Government, through the Ministry of Finance and Economic Development, announced a stimulus package to the tune of 18.02 billion Zimbabwean dollars last month and implementation is on course.
Finance and Economic Development Minister Professor Mthuli Ncube recently confirmed the development to the National Assembly and reiterated the move when contacted for comment by ZBC News this Saturday.

“We have given priority to Zimbabwean citizens’ livelihoods which have been greatly affected by the national lockdown due to the pandemic and we have made special facilities to the productive sectors and we came up with the Agricultural sector support, Working Capital Support, Mining Sector Support and the Tourism Fund,” said Minister Ncube.

On May 1 2020, Mnangagwa, unveiled a ZWL$18 billion Economic Recovery and Stimulus Package aimed at reinvigorating the economy and providing relief to individuals, families, small businesses and industries impacted by the economic slowdown caused by the coronavirus pandemic and the attendant response measures implemented by the Government to control the health crisis.

Ncube also explained how the government has sought to cushion the general public by relaxing several regulations on import duty to reduce costs, especially on COVID-19 related imports.