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2006
Year End Monetary Policy Statement
Dr
Gideon Gono, Governor Reserve Bank of Zimbabwe
January
31, 2007
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Introduction
and Background
1.1 This Monetary
Policy Statement is issued in terms of the Reserve Bank of Zimbabwe
Act Chapter 22:15, Section 46.
1.2 The policy
priorities and implementation programs that are spelt out in this
Monetary Policy Statement are largely drawn from the collectivity
of various consultations held with stakeholders, as well as from
advice received from the country’s Presidium, Cabinet and NEDPP
deliberations.
1.3 The Statement
also draws from other broad priorities outlined in national budget
statements made by the Hon Minister of Finance Dr. H. M. Murerwa
over the past two years, as well as developmental strategy documents
mapped out by the Ministry of Economic Development.
1.4 Consistent
with the novel strategy of consulting widely, this Monetary Policy
Statement also takes into account the galaxy of stakeholder inputs
that either came directly to the Central Bank; OR
1.5 those that
found expression in various deliberations on the economy across
the broad range of constituencies that make up Zimbabwe;
1.6 Our recent
discussions with the International Monetary Fund (IMF), the World
Bank (WB), and UNDP once again demonstrated the country’s continued
readiness to engage with the international community and to seek
their assistance in our efforts to deal with our situation.
1.7 I thank
all who contributed to the thought process that gave rise to this
statement.
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