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Govt courts private investors


ECONOMIC Planning and Investment Promotion minister Obert Mpofu yesterday said the government is working towards more private sector involvement in the funding of the implementation of the Sustainable Development Goals (SDGs).


The government has prioritised implementation of six of the 17 SDGs agreed at the United Nations. These include poverty eradication, good health and well-being, gender equality, industry, innovation and infrastructure and life below water.

Addressing journalists in Harare yesterday after attending a sustainable development meeting in New York, Mpofu said: “Following the lessons from the experiences of other countries in terms of SDG implementation, the country will focus on the following measures: enhancing private sector involvement to bridge the huge financing gap that exists and strengthening multi-stakeholder participation in all processes at all levels, that is, national, provincial and district level.”

Zimbabwe, over the last decade, has been experiencing zero-budget growth of around $4 billion with nearly 90% of all revenues going towards recurrent expenditure.

The country has over the same period relied more on funding from development partners and bilateral aid to provide health and drought relief to its majority poor as the economic malaise continues to worsen.

Mpofu added said the country would have to put more resources towards data collection and analysis for its programming so as to meet the 2013 SDGs.

“We will also focus on capacitating the National Statistical Agency (Zimstat) to effectively address the data requirements of the 2030 Agenda. There is need to improve collection, analysis and dissemination of high quality, reliable and timely data, disaggregated by sex, ethnicity, disability, region and other relevant variables,” added Mpofu.

The country has been relying more on international agencies data as Zimstat data in many instances is outdated.

The UN meeting was attended by ministers from 44 countries, including Zimbabwe, which presented their voluntary national review reports.

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