Zimbabwe governor flags ‘increased vulnerabilities’ in financial sector

Government hopes to establish sovereign wealth fund

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Zimbabwe's financial sector is showing "increased vulnerabilities" in the face of ongoing liquidity shortfalls and a moribund interbank market, but central bank governor John Mangudya says the problems are "surmountable".

Mangudya is pinning his hopes on a government plan to overhaul the country's economic fortunes. The plan was released in October 2013 and entitled ‘The Zimbabwe agenda for sustainable socio-economic transformation' (Zim Asset).

In his foreword to the Reserve Bank of Zimbabwe's

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