- February 25, 2021
- Posted in LOCAL
The Zimbabwe Coalition on Debt and Development (ZIMCODD) is conducting a meeting in Gwanda, discussing the governance of mineral resources in the community to help in the establishment of the nation’s growth.
By Shantel T Chisango
Speaking on its social media platform Twitter, ZIMCODD made emphasis on the importance of mobilising domestic resources towards the enhancement of the economy.
ZIMCODD further stated that if natural resources are governed properly, they can be of great help to the country in terms of paying off debts.
“Natural resources are sustainable & can be used to pay off legitimate debt.”
The Gwanda community has been urged to play a crucial role in actively participating in mineral governance to help in the establishment of achieving economic development.
This came after the Gwanda community was raising questions on how to improve transparency and accountability in mining tax revenues.
Experts say that there is great potential for using mining as a motor of economic growth and that mineral resources play a very significant role in the development of the country as it has continued to bring much-needed income into the country, contributes to foreign exchange, Gross Domestic Product (GDP), government revenues, capital formation, and infrastructure development.
According to the Institute for Security Studies (ISS), Zimbabwe holds an endowment of substantial mineral resources close to 40 different minerals.