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.

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Young Durban entrepreneur soaring to new heights with business | IOL Business ReportTwenty-year-old entrepreneur Kimisha Dani is the proud owner of a beauty business in Stanger's uShaka Mall called Wellness Spa Dot Com.
Källa: IOL - 🏆 46. / 51 Läs mer »

Maersk warns trade war could hurt container businessShipping company's second-quarter results beat profit expectations
Källa: BDliveSA - 🏆 12. / 63 Läs mer »