Tag Archives: zimbabwe
IMF Staff Completes 2017 Article IV Visit to Zimbabwe
- The economy is facing difficulties as a severe drought and slow reform momentum have led to high expenditure levels since late 2015, despite subdued revenues.
- Spending pressures stem from high employment costs, government transfers to support specific economic sectors, and elevated discretionary expenditure.
- The team recommends taking action to unleash the potential of the private sector and ensure that growth benefits the most vulnerable segments of the population.
An International Monetary Fund (IMF) team led by Ana Lucía Coronel visited Zimbabwe from May 2 to 13, 2017, to hold discussions with the national authorities, private sector representatives, and civil society in the context of the 2017 Article IV Consultations. The discussions covered recent economic developments, the outlook and risks, as well as policies that could restore economic stability.
A close relationship between South Africa and Zimbabwe has laid a solid foundation towards advancing industrialisation and regional integration between the two countries and in the region. This was said by the Director of Export Marketing and Promotions at the Department of Trade and Industry (the dti), Ms Seema Sardha during the Trade and Investment Seminar that was held on the margins of the 58th Zimbabwe International Trade Fair (ZITF)
Living the FATCA life in Africa: New U.S. tax regulations add to burden of compliance on financial institutions across Africa
Mobile Connections in Sub-Saharan Africa Increase 20 Per Cent to 500 Million in 2013 and Are Expected to Increase by an Additional 50 Per Cent by 2018
Denmark is planning to launch a new development programme in mid 2013 with substantial increase in budget support for Zimbabwe, according to State Secretary of the Danish Ministry of Foreign Affairs, Mr L.B.Petersen who recently visited the southern African country.
Zimbabwe anticipates to ignite its green economic revolution with the recent launch of the green business awards expected to be presented to outstanding winners in November 2013, according to Sebastian Zuze, Chairman of the awards. The awards recently launched in Harare under the theme:Greening the economy for sustainable national prosperity are an initiative of Xhib-it Events company and are meant to celebrate excellence in green practice,strategy and products, complimenting the Ministry of Environment’s efforts on greening the economy.They seek to recognize the most innovative,ambitious and effective initiatives by Zimbabwean business and individuals for achieving environmental sustainability and implementing smart business practice.
by Wallace Mawire
The Zimbabwe Multi-Donor Trust Fund (ZimFund) urgent Water Supply and Sanitation Rehabilitation Project phase one expected to increase the reliability, quality and availability of water, restore wastewater treatment capacity and reduce the incidence of cholera and other water related diseases has been launched, according to the Zimfund Manager, Engineer Emmanuel Nzabanita.