Reference in Manifesto
The New Direction exchange rate management strategic objective is to maintain low, stable and
competitive exchange rate through increasing exports and reducing imports of consumer goods.
The specific policies are:
- Improve on the current account balance through (a) review of existing policy framework for rural banking and financing to support cash crop production and marketing; (b) improve supportive marketing infrastructure and facilities; and (c) promote agro-processing to add value to farm products for exports and maintain low import levels, particularly on consumer goods.
- Sustain competitive interest rate with the aim of attracting foreign capital.
- Maintain single digit inflation to improve on the purchasing power of the currency