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WorldPosted at: Nov 23 2017 2:18PM


Zimbabwe's economic situation "very difficult" - IMF mission chief

JOHANNESBURG, Nov 23 (Reuters) Zimbabwe's economic growth is threatened by high government spending, an untenable foreign exchange regime and inadequate reforms, a senior International Monetary Fund (IMF) official said.
Zimbabwe was once one of Africa's most promising economies but suffered decades of decline as former President Robert Mugabe pursued policies that included the violent seizure of white-owned commercial farms and money-printing that led to hyperinflation.
Mugabe, 93, resigned on Tuesday after nearly four decades in power following pressure from the military, the ruling ZANU-PF party and the general population.
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