ica Department, Siddharth Tiwari, said the situation could only be rectified if the government adopted sound economic policies.
“The country is in a difficult situation and has faced six years of continuous output decline, rising prices, increasing poverty and a decrease in public services … it’s a tragic situation, frankly, and the prospects are grim,” said Tiwari.
“There is substantial goodwill on the part of the international community to help Zimbabwe , but the first step has to be taken by the authorities,” he added. – ZimOnline
21.9.2006
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Prospects grim – IMF
JOHANNESBURG - The International Monetary Fund (IMF) says prospects for economic recovery in crisis-hit Zimbabwe are "grim" following last month's surge in the annual inflation rate to 1 204.6 percent, the highest in the world. Addressing the media at the weekend, IMF's deputy director in the Afr