IMF warns of deepening economic crisis in Zimbabwe

Zimbabwe faces a "deepening" economic crisis unless the government reverses its missteps of the past two years by cutting back on defense and public sector wages, the International Monetary Fund warned Wednesday.

In its regular "Article IV" review of Zimbabwe's economy, the IMF highlighted Harare's abject failure to deliver fiscal stability, curb inflation and restore investor confidence. Instead, IMF directors noted, President Robert Mugabe's administration has further scared off investors by

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