Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
612-822-4611

  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Zimbabwe: Investment Climate Statement 2015

Zimbabwe: Investment Climate Statement 2015

Penny Hill Press
United States Department of State

Paperback

Business GeneralPublic HealthSocial Movements

ISBN10: 1532734166
ISBN13: 9781532734168
Publisher: Createspace
Published: Apr 14 2016
Pages: 24
Weight: 0.18
Height: 0.05 Width: 8.50 Depth: 11.02
Language: English
Zimbabwe recognizes the need to boost investment, but some of its macroeconomic policies counter a number of government measures meant to attract foreign direct investment (FDI). The country's commitment to the use of a multicurrency monetary regime, dominated by the U.S. dollar in most transactions, continues to restore business confidence in the economy by removing exchange-rate risk associated with the use of domestic currencies. In addition, Zimbabwe's commitment to the October 2014 International Monetary Fund (IMF) Staff-Monitored Program (SMP) acts as a useful anchor for implementation of more fiscally sound policies. Zimbabwe also has a number of incentives designed to attract FDI such as tax breaks for new investment by foreign and domestic companies, and allowing capital expenditures on new factories, machinery, and improvements to be fully tax deductible. The government also waives import taxes and surtaxes on capital equipment. In recent months, the government commissioned a study that recommended a rationalization of regulatory requirements and a reduction in tariffs for utilities in order to reduce the cost of doing business in Zimbabwe.

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