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In Zimbabwe Mugabe regime now dysfunctional

THE dramatic reversal of Finance minister Patrick Chinamasa’s austerity measures contained in his fiscal policy review statement presented to parliament last week underscored what is now a public secret: that the current government has become hopelessly and irredeemably dysfunctional.   Editor’s Memo,Dumisani Muleya dmuleya@zimind.co.zw Faced with a deepening fiscal crisis, …

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IMF – No money for Zimbabwe before $2 Billion debt is cleared

Sep. 16, 2016 (Xinhua) — The International Monetary Fund (IMF) has said it is not discussing any financing program with Zimbabwe, which is pursuing a debt clearance plan with international financial institutions. Zimbabwe in May hammered a plan to clear 1.8 billion U.S. dollars arrears to the IMF, World Bank …

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How Is Zimbabwe Paying for Its New Bond Notes?

How Is Zimbabwe Paying for Its New Bond Notes? By Daniel Finnan and Nick Champeaux Sep. 16, 2016 (All Africa Global Media) — Questions are being raised about the collateral behind the Zimbabwean government’s issue of new US dollar denominated bond notes, an initiative which was announced by the Reserve …

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