IMF Calls for Major Reforms to Turn Zimbabwe’s Economy Around

Zimbabwe needs a “broader reform and stabilization agenda” to sustain an almost year long effort by authorities to support the local currency and lower inflation, the...

Africa News: Zimbabwe, Zambia Kariba Dam Plant Upgrade Delayed by 2 Years

Upgrades to Kariba Dam, the main source of electricity for Zambia and Zimbabwe, have been set...

Zimbabwe has no external support, its treasury laments

Due to its economic meltdown, the country has been excluded from international bailouts and debt relief...

Zimbabwe gets $7 million World Bank grant to fight coronavirus

HARARE (Reuters) - The World Bank will grant $7 million to Zimbabwe to help it fight...

Desperate Zimbabwe out of financial options amid Covid-19

The country is largely being ignored by international funders due to its past bad record of...

Zimbabwe Fights Famine and Covid-19 With Little Hope of Aid

On April 2, Zimbabwean Finance Minister Mthuli Ncube wrote to the International Monetary Fund and other...

Zimbabwe in ‘economic and humanitarian crisis’ as IMF sounds alarm

The southern African nation's economy is expected to have contracted by 7.5% in 2019, according to...

Zimbabwe celebrating Anti-Sanctions Day

The Southern African country’s political leadership established the national holiday to protest longtime U.S. economic sanctions....

News National Zimbabwe plans talks on foreign debt arrears in early 2020: finance minister Zimbabwe plans talks on foreign debt arrears in early 2020: finance minister

CAPE TOWN (Reuters) - Zimbabwe plans to start talks in early 2020 on clearing arrears on...

Zimbabwe’s addiction to borrowing continues – as inflation rises

As Zimbabwe's financial situation worsens, the government pins its hopes on borrowing more money....

In Zimbabwe, risk perception trumps orthodoxy as inflation soars

JOHANNESBURG (Reuters) - Zimbabwe’s Finance Minister Mthuli Ncube seems to be doing everything by the book...

Zimbabwe’s mineral-backed loans may complicate talks with creditors, IMF says

HARARE (Reuters) - Foreign loans that use minerals as collateral may complicate Zimbabwe’s future negotiations with...

Zimbabwe abstains from external borrowing to build fiscal discipline – IMF

HARARE (Reuters) - Zimbabwe will not borrow externally and will cut reliance on the central bank...

Shady water tender leaves Mutare suburbs dry

MUTARE, Zimbabwe—Parts of Mutare in eastern Zimbabwe have suffered a water crisis for years after a...

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