IMF: Nascent Economic Recovery Underway In Zimbabwe

By IBTimes Staff Reporter | July 03 2009 9:50 AM

RTTNews - The International Monetary Fund on Thursday said a nascent economic recovery appears to be underway in Zimbabwe as a result of improvements in macroeconomic policies.

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A more liberal economic environment, price stability, a deepening in financial intermediation, and increased access to foreign credit lines underpinned a pickup in economic activity, Vitaliy Kramarenko, IMF Mission Chief for Zimbabwe said at the conclusion of IMF staff mission to the country.

Further, the IMF said the country's authorities must step up efforts to sustain positive economic trends and to improve living standards.

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