Zimbabwe needs to attract investors: UN

By Staff reporter

OUTGOING United Nations Resident Coordinator Ambassador Bishow Parajuli applauded the Zimbabwean government over its Transitional Stabilisation Programme (TSP) and re-engagement strategy, but says the country need to create an environment that attract investors.

Addressing journalists yesterday on his last engagement with the media in Harare, the UN representative urged the government to change its policies to attract investment.

“What Zimbabwe needs at the moment is to attract investors, it needs more resources so the whole agriculture sector can be transformed.

“There is a huge need for investment in the agriculture sector. There is also need for investment in the infrastructure area and mobilisation of mineral resources.”

He said the approach of engaging globally, the approach of attracting investors into the country is important, however policy formulation is the right step going forward.

“We need to work in attracting the private sector so that there are more jobs and so on, and the same time the efforts that have been made to engage with the international financial institutions, the IMF, the World Bank, the African Development Bank are extremely important steps to get more funding and investment,” he added

Ambassador Parajuli also urged Government to continue strengthening governance institutions and remain resolute in the fight against corruption. He expressed the valor, political and government support needed by the anti-corruption commission in executing its mandate.

“Strengthening various institutions so they deliver in the right way is important. We really applaud the steps being taken in terms of fighting corruption, however, the anti-corruption commission need all the political and government support it can get in order to execute it’s mandate.” he said.

Further, he said Government should continue investing in the education of its citizens and exploit its abundant natural resources.

“Zimbabwe is indeed very much blessed with so much resources. Zimbabwe invested a lot of money in development of human capital and that was fantastic and must continue going forward,” he said.

With regards to developmental issues, the UN envoy commended government for investing in human capital but showed concern on the decrease in the number of girl dropouts from secondary schools.

“There is huge need for other infrastructure areas such as mineral resources. Zimbabwe is so much blessed with resources, human capital. The country has invested so much in human capital, which are fantastic steps that must continue.

“Sadly with rising poverty as reports have shown, more girls are being reduced in secondary schools and these are worrying signs. The concern in HIV issues, more youths and girls are being infected with HIV. Working towards in changing that is more important. We need to work to transform it and preserve human capital.

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