Speaking at the Institute of Chartered Accountants of Zimbabwe (Icaz) Winter School here on Friday, MBCA Bank managing director Charity Jinya said there was need for a predictable and stable policy framework at a time the country is still recovering from a debilitating 10-year economic crisis.
“We need consistency in policy,” she said “If one minister says something today and one says something else tomorrow, what do we believe?”
She said there was need for clarity on the lifespan of the multicurrency system to prevent uncertainty.
“It does not make sense to me not to be definite about it. We don’t need uncertainty,” she said.
She said the roadmap to the full recovery of the banking sector included the continued implementation of prudential measures in the market aimed at reducing vulnerabilities in the financial sector and to resolve the issue of funds that are owed by the Reserve Bank.
Jinya noted that the deposit/GDP ratio in the post-dollarisation era had shown a steady rise reflecting the financial deepening of the economy.
She encouraged continuous engagement with the government in efforts to normalise the banking sector.
The Icaz Winter School is being held under the theme “Restoring business fundamentals”.
