Zimbabwe News Update
herald
4 min read
Business ReporterTHE Reserve Bank of Zimbabwe (RBZ) has embarked on a “back to basics” trajectory and according to Mrs Melody Harry, the bank’s director for corporate affairs, the “media has an essential role to play” in bolstering this effort.Speaking at a media workshop, Mrs Harry stressed that the journey towards economic recovery is inextricably linked with the process of “confidence building”, a process in which accurate and informed reporting is paramount.Mrs Harry asserts that for the media to be a constructive partner, it must cultivate a good “understanding of the central bank and its mandate”.“Journalists and commentators need to look beyond the surface, grasping where the RBZ is strategically coming from and where it is headed,” she said.“Furthermore, it is incredibly important that the media appreciates how the RBZ actually arrives at its policies and strategies, ensuring that coverage is based on genuine insight into the formulation process rather than mere speculation.”A profound lack of confidence currently pervades the financial system, and Mrs Harry was unequivocal in her assessment of the media’s potential to resolve this deep-seated issue.
She insists that this level of distrust cannot be overcome without the media playing its proper role.Recognising that an “information gap” currently exists, she confirmed that the central bank opening up more to the media would significantly help in bridging this divide.Ultimately, the success of the RBZ’s fundamental reforms depends on the media’s capacity to translate the bank’s work into understandable, confidence-boosting.Leave a ReplyCancel reply
Business ReporterTHE Reserve Bank of Zimbabwe (RBZ) has embarked on a “back to basics” trajectory and according to Mrs Melody Harry, the bank’s director for corporate affairs, the “media has an essential role to play” in bolstering this effort.Speaking at a media workshop, Mrs Harry stressed that the journey towards economic recovery is inextricably linked with the process of “confidence building”, a process in which accurate and informed reporting is paramount.Mrs Harry asserts that for the media to be a constructive partner, it must cultivate a good “understanding of the central bank and its mandate”.“Journalists and commentators need to look beyond the surface, grasping where the RBZ is strategically coming from and where it is headed,” she said.“Furthermore, it is incredibly important that the media appreciates how the RBZ actually arrives at its policies and strategies, ensuring that coverage is based on genuine insight into the formulation process rather than mere speculation.”A profound lack of confidence currently pervades the financial system, and Mrs Harry was unequivocal in her assessment of the media’s potential to resolve this deep-seated issue.
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