(2) The functions of the Auditor-General are: (a) (b) (c) 150. to audit the accounts, financial systems and financial management, of all government departments and institutions which receive public funds; to order the taking of measures to rectify any defects in the management and safeguarding of public funds; and to report on any other function which may be imposed by an Act of Parliament. Procurement An Act of Parliament must provide for procedures for the procurement of goods and services by all government departments and public institutions in a manner that is transparent, fair, noncorrupt, cost-effective and competitive. 151. Reserve Bank of Zimbabwe (1) There will be a central bank of Zimbabwe to be known as the Reserve Bank of Zimbabwe. (2) The Reserve Bank of Zimbabwe will be independent and subject only to the law. (3) The primary object of the Reserve Bank of Zimbabwe will be to protect the currency of Zimbabwe in the interest of balanced and sustainable economic growth. (4) The Governor of the Reserve Bank of Zimbabwe and seven other members of the Board of Governors will be appointed by the President on the recommendation of the National Assembly by a resolution supported by at least two thirds of its members. (5) An Act of Parliament will provide for the functions of the Reserve Bank of Zimbabwe. 67

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