{"id":440257,"date":"2017-11-23T09:59:25","date_gmt":"2017-11-23T09:59:25","guid":{"rendered":"https:\/\/ghana-mma.com\/2017\/11\/23\/zimbabwe-needs-immediate-economic-reforms-imf\/"},"modified":"2017-11-23T09:59:25","modified_gmt":"2017-11-23T09:59:25","slug":"zimbabwe-needs-immediate-economic-reforms-imf","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2017\/11\/23\/zimbabwe-needs-immediate-economic-reforms-imf\/","title":{"rendered":"Zimbabwe needs immediate economic reforms – IMF"},"content":{"rendered":"

<\/p>\n

\n
\n
\n\t\t\t\t\t\"\"\n\t\t\t\t\t\t\t\t\t\t<\/div>\n<\/p><\/div>\n
\n

Zimbabwe must act quickly to dig its economy out of a hole and access international financial aid, the International Monetary Fund has warned.<\/p>\n

Government spending and foreign debt are too high and it needs structural reform, Zimbabwe mission chief Gene Leon told Reuters news agency.<\/p>\n

The country\u2019s incoming leader Emmerson Mnangagwa has pledged to grow the economy and provide \u201cjobs, jobs, jobs\u201d.<\/p>\n

The once-thriving economy is now seen as a regional basket case.<\/p>\n

\u201cThe economic situation in Zimbabwe remains very difficult,\u201d Mr Leon told Reuters.<\/p>\n

He said high government spending should be reined in and Zimbabwe should address the large international debt it has defaulted on.<\/p>\n

\u201cImmediate action is critical to reduce the deficit to a sustainable level, accelerate structural reforms, and re-engage with the international community to access much needed financial support,\u201d Mr Leon said.<\/p>\n

\u00a0<\/p>\n

Source: BBC<\/strong><\/p>\n

\n
\"Homepage<\/div>\n<\/div><\/div>\n<\/p><\/div>\n