The book advocates the restructuring of the Reserve Bank to save Zimbabwes economy and has been described as a must read.
In the book Tsumba concludes that a Reserve Bank must know the limits of its powers. Unless it does so, it undermines itself as a vehicle of economic stability. Tsumba was the second Governor of the Reserve Bank of Zimbabwe. He held that post for 10 years after serving a similar amount of years as the General Manager and Deputy Governor of the Reserve Bank.
This book is a must read for anyone interested in Zimbabwe. There should be a copy in every university and school library and on the shelves of every reading household. The book will be in most bookstores around the world and available for purchasing through the Internet. We invite advance purchase for the book, said The Centre for Peace Initiatives in Africa (CPIA) executive chairperson Dr Leonard Kapungu. Kapungus organisation will publish the book, which is a second edition titled The Restructuring and Reform of the Reserve Bank of Zimbabwe.
Kapungu, a former conflict chief negotiator in the United Nations for 10 years said CPIA was always keeping its hand on the pulse of the Zimbabwe nation. We are aware that there are immediate issues that confront our nation, that of economic recovery, we are therefore publishing the second edition of our book on The Restructuring and Reform of the Reserve Bank of Zimbabwe by our Eminent Person, Dr. Leonard Tsumba, he said. Kapungu said the CPIA has realised that economic recovery was imperative for Zimbabwe.
As an organisation we have decided to continue to proffer solutions on the way forward for the nation to be great once again. After we published the first edition of the book in April 2009, we requested Dr Tsumba to prepare the second edition. The economy of Zimbabwe had tumbled, he said. He lamented that Zimbabwe, once the bread basket of Southern Africa, found itself importing food from inter alia Malawi and Zambia, the countries it had led when the Federation of Rhodesia and Nyasaland was created in 1953-1960.
By that, where do we begin with the rescue measures? It is the view of Dr Tsumba that the beginning of recovery after a calm political environment has been established begins with the restructuring of the Reserve Bank. Whether we like it or not, we as a nation cannot do without a Central Bank. We are reminded that when the American Revolution had succeeded there were some who thought a central bank would undermine the fruits of the revolution others thought it could be used as a political weapon but in the end there was consensus that America could not be a great nation unless it had a well structured central bank.
True to Zimbabwe we cannot achieve our economic recovery without a well run Reserve Bank. Like in any other country that goes through economic traumas and political upheavals the Reserve Bank has been called rightly or wrongly to step in and attempt to rescue the nation, said Kapungu. Kapungu believes that the imperative solution for Zimbabwe is Economic Recovery. Some of our colleagues seem to believe that the imperatives are a new constitution and elections. How easy would it be to write a new constitution and how enjoyable would it be campaigning for elections if our nation was enjoying economic stability, he said.
Post published in: News