Zimbabwe ‘must undertake reforms’

Published Jun 24, 2014

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Zimbabwe’s economy remained fragile and the government should undertake comprehensive reforms, including reducing the public sector wage bill and mobilising revenues from diamond mining, the International Monetary Fund (IMF) said yesterday. The southern African country has since last year been on an IMF monitoring programme aimed at helping it clear $10 billion (R106bn) in external debts. The IMF projected economic growth this year of 3.1 percent, lower than the government’s forecast of 6.1 percent. – Reuters

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