[Zimbabwe Independent] LAST week the International Monetary Fund (IMF) said Zimbabwe's economic situation, currently plagued by inexorably slumping business activity and low capital inflows, has further deteriorated due to embedded structural problems in the economy. This calls for drastic austerity measures, which include fighting corruption and cutting the bloated civil service which stands at 550 000 to reduce the wage bill that consumes over 80% of government revenues. ......
↧