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<p>We regularly discuss Zimbabwe's serious economic problems with its government,
including rising inflation fuelled by monetary financing of the budget deficit. We
agree with the May 2017 IMF recommendations for the government to take urgent action
to curtail public expenditure and refrain from further central bank financing. Zimbabwe
urgently needs to embark upon a comprehensive package of reforms through full re-engagement
with the International Financial Institutions. We have been clear that this will require
genuine commitment to reform in both the economic and governance spheres. Our Ambassador
in Harare raised this with the Minister of Finance in April.</p>
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