• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

Actualités en Afrique

Actualités en Afrique

  • Accueil
  • Actualité Afrique Français
  • Actualité Afrique Anglais
  • Actualité Monde
  • Contactez-nous

Zimbabwe persists in reforms despite short-term economic difficulties

novembre 7, 2019 by seye Leave a Comment

Zimbabwe is determined to pursue economic reforms despite natural disasters and sanctions against it.

A decision reiterated by the Secretary of Finance and Economic Development George Guvamatanga for whom the severe policy of fiscal austerity led by the government had already balanced the accounts and establish fiscal discipline in Zimbabwe never equaled for decades .

« We wanted to clean up public finances and control our trade deficit. We had to make sure we lived within our means, and we did it. He said in an interview with the Zimbabwean press.

We know that these reforms are very difficult for our people, but that does not mean that this is a bad solution. To meet the short-term challenges for our people, we have also developed various social safety nets …

President Emmerson Mnangagwa, has made the implementation of these structural reforms, the priority of this struggling economy marked by hyperinflation, lack of liquidity and endemic corruption.

The country which plans to reduce the budget deficit from 12 to 5% of GDP in 2019 has already reduced the trade deficit to 300 and 400 million dollars, against 1.8 billion dollars previously.

« We have achieved most of the targets agreed with the IMF, with the exception of inflation and the money supply, which need to be recalibrated. We intend to follow the agreed strategy and are confident that we are on the right track. Said George Guvamatanga.

The government, which eliminated subsidies on fuels and energy, is aware of the short-term impact on ordinary Zimbabweans.

However, the sanctions imposed on Zimbabwe by the United States and the European Union during the Mugabe era continue to stifle the country’s economy by limiting its access to foreign lenders.

George Guvamatanga said the sanctions affect all Zimbabweans: « We are a small economy. Zimbabwe lost 80% of its correspondent banking business due to sanctions. It has become difficult to receive money from abroad and send money abroad. It now takes days in Zimbabwe to make transactions that usually take a few hours. « 

Despite these setbacks, the government continues to open the country’s economic, political and media space. He is currently modernizing 30 laws of the Mugabe era to meet Western standards.

In July, the World Bank moved Zimbabwe from a low-income country to a lower-middle-income country. It also ranked Zimbabwe among the top 20 most improved Ease of Doing Business indexes.

Partager :

  • WhatsApp
  • Facebook
  • Twitter
  • LinkedIn
  • Imprimer

Filed Under: Immobilier Automobiles en Afrique Tagged With: despite, difficulties, economic, persists, reforms, short-term, Zimbabwe

Reader Interactions

Laisser un commentaire Annuler la réponse

Votre adresse e-mail ne sera pas publiée. Les champs obligatoires sont indiqués avec *

Primary Sidebar




The Senegalese Football Federation (FSF) severely tackles the French Federation (FFF), which invited Idrissa Gana Gueye to justify himself through its National Council of Ethics.

… [Lire Plus...] about The Senegalese Football Federation (FSF) severely tackles the French Federation (FFF), which invited Idrissa Gana Gueye to justify himself through its National Council of Ethics.

Survivalistes : des bunkers antiatomique pour millionnaires

… [Lire Plus...] about Survivalistes : des bunkers antiatomique pour millionnaires

fallout shelters still maintained to accommodate 9 million people

… [Lire Plus...] about fallout shelters still maintained to accommodate 9 million people

Sanctioned by the EU, could Russian oligarchs overthrow Putin?

… [Lire Plus...] about Sanctioned by the EU, could Russian oligarchs overthrow Putin?

War in Ukraine: Security Council meeting on biological weapons issue

… [Lire Plus...] about War in Ukraine: Security Council meeting on biological weapons issue

Un Congolais marie des triplés le même jour

… [Lire Plus...] about Un Congolais marie des triplés le même jour

Senegal (finally) on the roof of Africa! – Debrief and players’ notes (Senegal 0-0 (4-2 tab) Egypt)

Senegal is champion … [Lire Plus...] about Senegal (finally) on the roof of Africa! – Debrief and players’ notes (Senegal 0-0 (4-2 tab) Egypt)

Finale CAN: l’Égypte brise le rêve du Cameroun

Au terme d'une … [Lire Plus...] about Finale CAN: l’Égypte brise le rêve du Cameroun

Can 2021 : Eto’o’s clumsy reply to a journalist

"It's a pity that … [Lire Plus...] about Can 2021 : Eto’o’s clumsy reply to a journalist

le tableau des quarts de finale de la CAN

Après la … [Lire Plus...] about le tableau des quarts de finale de la CAN

CAN: The ranking of the scorers of the Africa Cup of Nations 2022

From January 9 to … [Lire Plus...] about CAN: The ranking of the scorers of the Africa Cup of Nations 2022

Le Sénégal a hérité de l’Égypte pour les barrages de la coupe du monde 2022 au Qatar.

Le tirage au sort a … [Lire Plus...] about Le Sénégal a hérité de l’Égypte pour les barrages de la coupe du monde 2022 au Qatar.

Ibrahim Boubacar Keïta : La triste fin du gaulliste-malien !

L’ancien président … [Lire Plus...] about Ibrahim Boubacar Keïta : La triste fin du gaulliste-malien !

Gabon: Aubemeyang and Lemina will not play the CAN

The news fell like a … [Lire Plus...] about Gabon: Aubemeyang and Lemina will not play the CAN

Suspension of Pape Guèye from the Can: The cry of Caf

The Confederation of … [Lire Plus...] about Suspension of Pape Guèye from the Can: The cry of Caf

Sénégal surprise générale: Pape Gueye suspendu par la FIFA ?

A la surprise … [Lire Plus...] about Sénégal surprise générale: Pape Gueye suspendu par la FIFA ?

Abo Gabal, El Hadary testés positifs au COVID-19

Mohamed Abo Gabal, … [Lire Plus...] about Abo Gabal, El Hadary testés positifs au COVID-19

Lutte: Le CNG valide la première chute de Balla Gaye 2

Le Comité national … [Lire Plus...] about Lutte: Le CNG valide la première chute de Balla Gaye 2

CAN 2021 / Morocco list: Ziyech and Massraou zapped

Vahid Halilodzic, … [Lire Plus...] about CAN 2021 / Morocco list: Ziyech and Massraou zapped

Sport-business/In spite of the fog maintained by the Northern media, Motsepe and his team do not give up.

A healthy mind in a … [Lire Plus...] about Sport-business/In spite of the fog maintained by the Northern media, Motsepe and his team do not give up.

CAN 2021: Jurgen Klopp’s decision on Sadio Mané and Mohamed Salah

From January 9 to … [Lire Plus...] about CAN 2021: Jurgen Klopp’s decision on Sadio Mané and Mohamed Salah

Contactez-nous

octobre 29, 2019 - 7 409 views

… [Read More...] about Contactez-nous

Coronavirus:MacKenzie Scott fait des dons de 4milliards$

décembre 18, 2020 By Babacar NDIAYE Leave a Comment [post_views]

MacKenzie Scott, pour aider … [Lire plus...] about Coronavirus:MacKenzie Scott fait des dons de 4milliards$

PHARMACIES DE GARDE A THIES: 09 AU 16 MAI 2020

mai 9, 2020 By seye Leave a Comment [post_views]

PHARMACIES DE GARDE A THIES: … [Lire plus...] about PHARMACIES DE GARDE A THIES: 09 AU 16 MAI 2020

uba-covid19-750x430 (1)

Lutte contre le Covid-19 : United Bank of Africa (UBA) Bank offre 58 600 000F CFA

mars 31, 2020 By seye Leave a Comment [post_views]

Le ministre de la santé et des … [Lire plus...] about Lutte contre le Covid-19 : United Bank of Africa (UBA) Bank offre 58 600 000F CFA

LES MALADIES EN AFRIQUE

LES MALADIES CHRONIQUES DE L’AFRIQUE

mars 5, 2020 By seye Leave a Comment [post_views]

Alors qu’elle continue de … [Lire plus...] about LES MALADIES CHRONIQUES DE L’AFRIQUE

COUMBA KANE

Kidnapping de Coumba Kane : Tristes confidences d’une famille désorientée

janvier 17, 2020 By seye Leave a Comment [post_views]

COUMBA KANE Mariée et mère de … [Lire plus...] about Kidnapping de Coumba Kane : Tristes confidences d’une famille désorientée

Urgent! Incendie Au Marche Central De Thies. Des magasins complètement calcinés

janvier 16, 2020 By seye Leave a Comment [post_views]

https://youtu.be/eCT-1vJiOrU … [Lire plus...] about Urgent! Incendie Au Marche Central De Thies. Des magasins complètement calcinés

Commentaires récents

  • bedava dans Le Nigeria va bientôt rouvrir ses frontières – Buhari
  • jop dans Kagame rencontre plus de 1000 élèves-officiers
  • Regional elections in Nigeria: the ruling party wins | News-Afrik dans Humanitarian crisis in Haiti: activist Kémi Séba alongside the victims

Footer

  • Mentions légales
  • About us
  • Contactez-nous

Copyright news-afrik oct 2019. Whatsapp 00221775312579