Articles tagged 'wb'

Zim shines on financial inclusion rankings 24 November 2015 HARARE - Zimbabwe has been ranked sixth in the world as the economy with the highest number of residents with a financial account who use mobile banking, data from the World Bank's Global Financial Inclusion Database shows. According to the World Bank (WB) figures, Zimbabwe is on sixth positio...
Repeal Indigenisation Act: Robertson 14 July 2014 HARARE - As Zimbabwe hurtles towards more economic problems, leading economist and journalist John Robertson believes President Robert Mugabe’s administration is running out of time to fix the economy. And with the country’s debt now pegged at $9,9 billion, prospects of relief appear too dista...
Time to take SMP seriously 10 July 2014 HARARE - Zimbabwe must take seriously the International Monetary Fund (IMF) administered Staff Monitoring Programme (SMP) if the country entertains any hopes of getting external funding and improving its high credit risk status. The IMF this week indicated that the southern African country mis...
IMF may extend Zim programme 10 July 2014 HARARE - The International Monetary Fund (IMF) is likely to extend Zimbabwe’s Staff Monitored Programme (SMP) deadline for the second time as the country has missed a number of targets due to a deteriorating economy. This comes as in January, the global financier extended the programme by six ...
Debt overhang hinders growth prospects 6 July 2014 HARARE - Zimbabwe’s failure to service its principal debt has resulted in the worsening economic situation in the country, economic experts say. The experts contend that the country’s debt, which recently ballooned to $9,9 billion has dented Zimbabwe’s access to international funding and is ha...
Zim pleads for debt cancellation 5 July 2014 HARARE - Finance minister Patrick Chinamasa has pleaded with Zimbabwe’s external creditors to inject more capital into the country despite a $9,9 billion debt overhang. Chinamasa told journalists on Thursday the cash-strapped southern African country had no capacity to repay its debt due to a ...
Zim debt balloons 4 July 2014 HARARE - Zimbabwe's principal debt has ballooned by nearly 40 percent from $6,1 billion last year to $9,9 billion, Finance minister Patrick Chinamasa has said. The lawyer-cum-politician yesterday said the country's total external debt stood at $8,9 billion as at December 31, 2013, which is 69 ...
Govt must heed IMF warnings 26 June 2014 HARARE - The International Monetary Fund (IMF) this week warned that the country is in a precarious position and this should be a wake-up call to the government, which went into a deep slumber after the controversial election victory last year. For the past few months, we have been telling it ...
Zim economy in precarious state: IMF 24 June 2014 HARARE - Zimbabwe's economy is in a precarious state, with usable international reserves covering less than two weeks of imports, the International Monetary Fund (IMF) has warned. In its article 1V consultation with Zimbabwe report released yesterday, the institution said the country's current...