Four more months of economic pain, warns Zimbabwe's Finance Minister | IOL Business Report

HARARE – Zimbabwe’s government said it is ready to settle with global lenders, sell assets and make the difficult spending decisions needed for financial recovery. But with opposition protests against plunging living standards scheduled in cities nationwide, it is in a race against time.

“The big macro-economic decisions should be complete by year-end,” Ncube, 55, said in Harare. “In December, everything stops in terms of the big decisions. Beyond that, we focus more on jobs, growth, productivity and development.” Now many of the country’s 400 000 civil servants, who form the bulk of the middle class, are earning less than the $1.90 a day defined by the World Bank as the line below which people are living in extreme poverty.

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