- Washington “follows with interest” Morocco’s openness onto Africa (John Kerry)Posted 11 years ago
- The trial of South African Paralympic champion Oscar Pistorius opened in Pretoria on Monday.Posted 11 years ago
- USA welcomes efforts of King Mohammed VI in MaliPosted 11 years ago
- Egypt’s population reaches 94 millionPosted 11 years ago
- Mugabe celebrates his 90thPosted 11 years ago
- Moroccan Monarch to Build a Perinatal Clinic in BamakoPosted 11 years ago
- King Mohammed VI handed a donation of bovine semen for the benefit of Malian breeders.Posted 11 years ago
- Moroccan King’s strategic tour to Africa: Strengthening the will of pan African Solidarity and stimulating the south-south cooperation mechanisms over the continentPosted 12 years ago
- Senior al-Qaida leader killed in AlgeriaPosted 12 years ago
- Libya: The trial of former Prime Minister al-Baghdadi AliPosted 12 years ago
Zimbabwe: still far from sound management
The IMF said that Zimbabwe could under certain conditions in the future to obtain “access to loans from the IMF. But in the short term, the Financial Administration seemed unwise to IMF economists. The budget was strongly oriented towards increasing the salaries of the civil service with less allocation of scarce resources to social programs and infrastructure priorities. Therefore, the benefits of growth have not completely reached the Zimbabweans and means that many of them do not belong to the public sector and to growing segments of the formal private sector, and poverty remained widespread. The Zimbabwean economy, bending under the weight of inappropriate economic policies, was released in 2009, from a series of eight-year recession, with an average growth of 6%, which accelerated to 9% in 2010. But the IMF has again expressed its regrets that this growth has mainly concerned sectors of raw materials as mining and agriculture, both sensitive to exogenous shocks.