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JULY 2015 MID-TERM MONETARY POLICY …
JULY 2015 MID-TERM MONETARY POLICY STATEMENT BEYOND STABILIZATION BY DR. J. P. MANGUDYA GOVERNOR RESERVE BANK OF ZIMBABWE 2 Contents 5 GLOBAL ECONOMIC DEVELOPMENTS .. 11 Advanced Economies .. 11 Emerging Market and Developing Economies .. 12 Sub-Saharan Africa .. 13 Commodity Price Developments .. 15 Crude Oil .. 16 Base Metals .. 17 Platinum and Gold .. 18 Food 19 EXCHANGE RATE DEVELOPMENTS .. 20 BALANCE OF PAYMENTS DEVELOPMENTS .. 21 Merchandise Trade 21 POLICY Measures to Enhance Foreign Exchange Generation (Liquidity) .. 26 Export Incentives are a Critical Pre-requisite .. 26 Export Finance Scheme .. 26 Export Diversification .. 27 Mobilisation of Development Finance by Reserve Removal of Prior Exchange Control Authority on Non-Sales Exports .. 29 Syncronisation and Harmonisation of Export Authorisation .. 29 Facilitation of Diaspora Review of the Money Transfers Regulatory Framework .. 30 Revision of Debt to Equity Ratio for Greenfield Investments .. 31 Utilisation of Facilities Accessed by Authorised Dealers.
july 2015 mid-term monetary policy statement beyond stabilization by dr. j. p. mangudya governor reserve bank of zimbabwe
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