ZimAsset is meant as a measure to improve the investment climate and come up with sanction-busting strategies to enable full exploitation and value addition to the country’s abundant natural resources. When broken down to its bare components, ZimAsset is a positive strategy that can only be judged following full implementation. The 129 page blue-print sets measurable and achievable sector outcomes and the sector outputs are point specific for every key result area. It addresses key areas which if effectively implemented will see the economy taking off as evidenced in some clusters. The blue-print is pin-pointing the specific areas of the economy that will redress lack of value addition which has always proved a stumbling block in the country’s economic revival. However a strategy without effective implementation will remain but just a strategy and what is needed is commitment and consistency on the part of the government and all Zimbabweans alike. Implementation via a result-based management system with clear organisational visions and goals which are translated into a results framework of outcomes, outputs, strategies and resources if effectively done will yield results. A result-based management agenda has always proved effective in most organisational settings and incorporating it into a national economic blue-print makes sense. The system aims to focus on actual results as opposed to just activities and outputs. There are clearly defined expected results, regular evaluation and taking timely corrective action. There are countries such as Korea, Australia, Uganda and Malaysia that have implemented result-based management systems with varying levels of success. The four clusters which are Food Security, Poverty Eradication, Infrastructure and Utilities, and Value Addition and Beneficiation which are identified within ZimAsset are critical to the Zimbabwean economic revival; that is all things being equal, of course. The system requires an effective senior and middle management structure to ensure vision and focus cascade down organizational structures. If effectively implemented, ZimAsset is Zimbabwe’s own home-grown initiative that can transform the country economically. That being said Zimbabwe has often come up with excellent blueprints in the past and fell short when it came to implementation hence the scepticism from some quarters about ZimAsset. The passing of the Sovereign Wealth Fund of Zimbabwe Bill in September 2014 which will see the setting up of the country’s sovereign wealth fund is crucial to ZimAsset. The Sovereign Fund as per the economic blue-print will ensure that wealth is generated for future generations and safeguard the country’s economy against external macroeconomic shocks. Of course considerations need to be made regards funding options for the blue-print as a whole. There is need for more collaboration with other stakeholders and enhancing the human capital drive. bernardbwoni.blogspot
Posted on: Wed, 14 Jan 2015 16:15:31 +0000
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