IMF urges Zimbabwe to slash spending
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Zimbabwe has been urged to make sharp cuts in public spending to prevent a worsening of its economic crisis after a visit by the IMF to assess whether Harare should be expelled by the global lender.
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Zimbabwe devalues its currency as part of its battle to tackle its deepening economic crisis.
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Zimbabwe's galloping inflation will force President Robert Mugabe from office before the end of the year, the United States ambassador to Harare said on Friday, predicting the rate could hurdle 1 million percent within months.
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The Global Fund to fight AIDS, Tuberculosis and Malaria urged donors on Friday to pay up what they have pledged by the end of next month or risk seeing the United States cut short its contribution.
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Zimbabwe&#39;s central bank chief has urged the government, business and labour to reconvene talks to come up with a solution over the recent crackdown on prices by authorities, reports said Saturday.
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The head of the International Monetary Fund urged the United States to limit its gaping budget deficit, which he said threatens the world economy.
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Zimbabwe President Robert Mugabe has warned that he may be forced to launch a campaign to clean-up his party&#039;s leadership for abusing authority to amass wealth and property.
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Economic meltdown will force President Robert Mugabe from power the US ambassador to Zimbabwe predicts.
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Zimbabwe's government says it intends to end state subsidies for black-owned commercial farms.
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JOHANNESBURG, Sept. 18 -- A leading international research group urged southern African leaders Tuesday to offer Zimbabwean President Robert Mugabe and his closest allies amnesty from prosecution in exchange for political reforms that might end years of misrule.
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An IMF team will visit Harare next month for an assessment mission that could lead to the expulsion of debt-ridden Zimbabwe from the global lending body.
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A parliamentary committee in Zimbabwe has summoned the country's central bank chief to explain current nationwide cash shortages, a state daily reported on Tuesday.
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Zimbabwe's main opposition leader  Morgan Tsvangirai urged southern African countries on Tuesday  to put pressure on President Robert Mugabe to conduct free and  fair parliamentary elections in March.
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Calling Zimbabwe's President Robert Mugabe a "megalomaniac," a leading Zimbabwean dissident says international and regional pressure must be used to resolve an economic disaster in the African nation.
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IMF Director General Rodrigo Rato urged Russian President Vladimir Putin to limit state intervention in the economy and keep a close eye on inflation in order to meet his goal of doubling output by 2010.
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An IMF team is in Zimbabwe as it tries to decide what to do about Harare's outstanding debt to the fund.
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Zimbabwe's President Robert Mugabe on  Monday warned opponents not to hold anti-government protests,  saying they should instead support efforts to end an eight-year  economic recession.