Zimbabwe has no external support, its treasury laments
Due to its economic meltdown, the country has been excluded from international bailouts and debt relief amid the coronavirus pandemic
26 August 2020 - 12:33
Zimbabwe is being forced into a corner by the refusal of multilateral lenders to lend the country more money as the country faces economic meltdown, according to the government’s top treasury official.
“Its very difficult to run the economy without any external support,” George Guvamatanga, the finance and economic development secretary, said in an interview. “You need a buffer to support you and without it that’s where the temptation to print money comes.”..
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