o_1915f04bi181p2m9qs12em17oea.pdf

F reforms
with
system.
Following a number of failed reforms
support to Zimbabwe.
repayments altogether leading to the
ballooning of the national debt. Part of
the reasons why Zimbabwe signed on to
the SMP was an attempt by authorities to
demonstrate a change of approach when
“A staff- monitored program is an
dialogue between the Fund staff and a
member country on its economic policies.
support. In fact SMPs do
assistance
or
e n d o r s e m e n t
by the IMF
further read the
statement.
Z i m b a b w e
is in a midst
of a gripping
liquidity
crunch
and it desperately
which has not been
f o r t h c o m i n g .
In the past the
board has had
frosty
relations
with the Zimbabwe
the suspension of the
with Western powers.
Meanwhile the economic slide shows
little signs of abating with the last
Reports suggest more companies are
not only retrenching but shutting down
completely as the situation gets more
desperate.
now that economists are predicting
economy.
weighing down on the economy. Add
uses other currencies thereby limiting the
TP
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The Parade - Zimbabwe’s Most Read Lifestyle Magazine August 2014
Page 79