Tuesday, December 19, 2006

International Monetary Fund: Conditions in Zimbabwe will get worse unless the government stabilizes the economic situation

BBC News:

IMF officials, who recently spent 10 days in Zimbabwe, said conditions had deteriorated in the past year and that food and fuel shortages were "acute".

Inflation is above 1,000%, while most Zimbabweans are out of work.

The government must cut total spending while prioritising food imports and health services, the IMF said.

The country must also improve its relations with the international community, the IMF added, to build support for much-needed reforms.

Many foreign governments blame President Robert Mugabe's policies for the country's crippling economic problems.

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