By Rudo Saungweme                              

The economic reforms being implemented by Government has been commended by members of the European Union (EU), asserting that if the Transitional Stabilisation Programme (TSP) is fully implemented, Zimbabwe`s economic structural weaknesses could be resolved.

A source who spoke on condition of anonymity has revealed that EU has applauded Zimbabwe for its commitment to improving transparency, curbing corruption and protection of property rights.

In light of that, President Emmerson Mnangagwa appointed seven new commissioners for Zimbabwe Anti-Corruption Commission (ZACC) to intensify Government`s commitment to ensuring that transparency is exercised in all Government departments.

The source revealed that the US department has also shown gratitude over the amendment of the restrictive indigenization law which only applies to the diamond and platinum sectors and liberalizes other sectors to unrestricted foreign ownership.

Under the TSP, Government is also offering incentives to attract Foreign Direct Investment (FDI), such as tax breaks for making capital expenditures on new factories and machinery.

An officer employed with the European Commission`s Directorate General for International Cooperation and Development (DG DEVCO) who spoke on condition of anonymity, revealed that the Head of Southern Africa at DG DEVCO, Isabelle Delattre has expressed optimism with Zimbabwe`s commitment to economic reforms as well as upholding human rights.

Another officer who works at the European Union External Action Services (EEAS) department who also spoke on condition of anonymity revealed that the department is happy with the progress being implemented in Zimbabwe`s current economic reforms.

In contrary, the opposition party, MDC and other civic society organisations always publish false statements about the Government stating that it is failing to “uphold human rights,” and that the Government has failed the economy.