( CNN ) -- International investors looking to tap into Zimbabwe 's economy should not be deterred by its political problems , the country 's finance minister has said . Tendai Biti , who 's been trying to steer Zimbabwe onto a path of economic stability -- a task he 's described in the past as the most difficult job in the world -- has been on a mission to drum up foreign investment to help boost the country 's fragile economy . Speaking to CNN 's Robyn Curnow , Biti said there 's no doubt his country `` needs to get its politics right , which is why an election is inevitable in Zimbabwe . '' He stressed , however , that the country 's doors are still open to foreign investments , urging the international community to engage more with Zimbabwe . `` What is also undisputable is that despite the political , it is still a place where one can actually invest and can actually get good returns , '' Biti said . Two years ago , a coalition government was formed between Biti 's party , the Movement for Democratic Change , and President Robert Mugabe 's Zanu-PF party . There were hopes that the stabilization brought about by the political agreement would see new foreign investment in the country . But political uncertainty and lack of clarity in financial policies still represent major concerns for foreign businesses . Zimbabwe 's Indigenization and Economic Empowerment Act , which was passed by a Zanu-PF-controlled parliament last year , requires foreign businesses to submit plans within five years for transferring 51 % of their investments to black Zimbabweans . But Biti says the law does n't mean expropriation of foreign companies . `` There 's a lot of mistrust in the Zimbabwean economy , but mistrust comes out of ignorance , '' he says . `` You have to understand what you are dealing with and a lot of people do n't understand what they 're dealing with , because there 's a lot of negativity that has jumped out on the internet and in the newspapers . '' Biti , who inherited an economy battered by record hyperinflation and 90 % unemployment , says he does n't underestimate the political difficulties that still exist in the country and the uncertainty over the power-sharing agreement . `` I 'm not sweeping it under the carpet , which is why we need a new constitution , which is why we need the rule of law , which is why we need respect for each other , including respect for property rights , '' he says . Last year , Biti 's efforts to improve Zimbabwe 's economy seemed to be given a boost when the country was allowed to sell diamonds from the Marange diamond fields , 66,000 hectares of land near Zimbabwe 's border with Mozambique . Overall , Zimbabwe says it has a stockpile of Marange diamonds estimated to be worth about $ 1.7 billion . But according to Biti , the precious stones have not yet proven to be the `` El Dorado that many people thought , '' contributing only $ 35 million to the country 's coffers last year . `` Part of the problem lies in the illegal smuggling that we think is still happening , and part of the problem lies in the fact that we need the Kimberly Process stamp of approval , '' says Biti , referring to the group which monitors trade in the precious stones to stop the use of blood diamonds to fuel conflicts . Zimbabwe 's harvest of diamonds in the Marange district has sparked controversy in recent years after accusations by groups such as Human Rights Watch and Global Witness that military-run syndicates were funneling money from the diamond fields to Mugabe 's party . But Biti says he has no evidence of that . `` What I can tell you is that this is such a fungible mineral found over a huge space of land , close to a very long border in a very inaccessible mountainous region , so anyone and anybody can smuggle , '' he says . He adds , however , that there should be action to tackle the problem . `` We are not the first country to discover diamonds , which is why we want to be part of the Kimberly Process certification scheme , `` he says . `` We believe we can comply , we believe we can operate consistent within the international standards . ''
Tendai Biti has been leading Zimbabwe 's efforts to stabilize its economy . He says investors can expect good results despite the country 's political problems . According to the finance minister , an recession in inevitable in Zimbabwe .