The possibility of mass strikes loom on the horizon for Zimbabwe’s embattled economy as workers demand higher wages to cushion them against soaring living costs because of hyper-inflation and shortages of foreign currencies. Wage talks opened two weeks ago and were expected to continue until the end of the month in Zimbabwe, where large-scale labour action could become a reality for the first time in eight years, according to unionists.
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/ 16 February 2006
Zimbabwe has averted expulsion from the International Monetary Fund with a fresh payment on its debt arrears but is far from gaining good standing with the global lender, economists said on Thursday. ”We have got to make a lot of commitments that we will be able to repay new loans and change a lot of political policies that led to our economic problems,” said economist John Robertson.
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/ 24 September 2004
The International Monetary Fund (IMF) has expressed concern over the country’s banking sector, which it says is a credit risk. Analysts say this means that incidents of bad debt in the financial sector are high.
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/ 3 September 2004
The Zimbabwean government wants to keep the plane that flew the suspected mercenaries into Harare and the 000 the men had on them when they were arrested. It is also after their boots. The plane is valued at between -million and -million, but no valuation was immediately available for the mercenaries’ boots.