EnvironmentInternational

Climate Change hinges on economic progressions, Business Sector

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Climate Change Reporter

Climate change impacts charecterised by unpredictable weather pattern in the country have negatively affected many sectors of the economy including the implementation of Translational Stabilization Process (STP).

The business world revealed this during the 2020 Economic Outlook Symposium and 2019 Manufacturing Sector Survey Launch hosted by Confederation of Zimbabwe Industry (CZI) this Friday in the Capital.

Stella IIieva World Bank Senior Economist said drought and extreme weather conditions emanating from climate change posed a negative impact on many areas of the economy. This calls for urgent mitigation measures to boost critical sectors such as agriculture and strategies to assist the poor.

“Drought and extreme weather conditions complimented by low agricultural productivity affected many areas of the economy. Tobacco exports remained below potential in 2019.There is a need to mitigate the impact of extreme weather conditions and economic adjustment on the poor.

Elson Acting Deputy Director Economic Affairs in the Ministry of Finance and Economic Development said inconsistences in weather patterns affected the implementation of Transition Stabilization Programme (TSP).Propagate the need to prioritize national budget towards agricultural sector

“Unreliable weather pattern is a cause for concern on country’s economic growth as we never anticipated the shocks of bad weather phenomenon such as Cyclone Idai during the implemantation of TSP.”

“Assumption for 2020 budget there is need to embrace Climate Smart Agriculture, irrigation development, fiscal buffer and extension services.”

Honorable Sekai Nzenza Minister of Industry and Commerce expressed concern on the implications brought about by climate change effects in the country.

“These unpredictable weather patterns we are currently facing as a country have negative effects on us ,a good example is Cyclone Idai which caught us unaware. But the government is very much aware of these challenges.”

Tendai Guvamombe